Given false hope? Nope! Just saying KTD shares tends to jump on news and tends to go lower when there is no news. So it’s very possible it will go to 30c level, however one big news can make the shares double like we seen from 20c to 45c recently.
Sure you can play the game of selling at recent highs and trying it buy it back at recent lows. But does that really work??? I have noticed A2M has been going really strong lately. Could it be someone is accumulating? If news break out say big company did took a position (I am not saying it is), then you bet your ass KTD will go up insane. Just like what’s happening with APT at the moment, once the news break WeChat has taken a position. OPY has jumped from 70c to $1.20. The industry is different but the principle is the same.
Yes some of you are doubting and didn’t like the name change or the performance shares. I get it. To me it’s just part of the game which is going to be played all the time.
The other thing is the lack of purchase from the directors, well out of the 19 companies I keep an eye at the moment only JAT’s Director has recently put up $100k to purchase his company shares. Thats 1 out of 19...... go figure.....
The days where directors buying their own company shares are long gone.
I think it will not falls below 30c like many of your predicted. So it’s a buy for me around the current price
KTD Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
