KCN 0.00% $1.28 kingsgate consolidated limited.

Ann: Becoming a substantial holder, page-92

  1. 9,820 Posts.
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    It has nothing to do with it. It's not manipulation rather a broad market wobble where various holders sell simply because they're either worried about letting a profit go or want to minimise a potential loss via realising it. It's an emotional reaction to price rather than a concrete investmetn thesis.

    Every thread on HC is the same. The same negative comments come out in cue once there's a sustained price movement. What I think is happening is the ones generally making the comment are in all likelihood the ones that sold (part of full) in hope of proving themselves right or getting in at lower price. Timing markets has proven to be a mugs game for all but the very best (0.1%) as you have to right twice.

    Again don't expect a CR at $1.40 or even $1.30 as it's not how they've operated in the past under even more financial strained circumstances.


 
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