9m reasons to hold. 285m reasons to sell. Who'll win the tug of war?
When the tide comes in, all boats rise. The opposite can be said when the tide goes out. All boats drop.
STB had a MC of around $600m (from memory) at its height, and now it's only $25m, where's the SP likely to go?
I remember another potash play, MNB, top of 60c, now 0.6c.
A reverse 100 bagger.
Not all have fared that badly. RWD from $1.40 to 20c and now sits at 60c.
IPL from $4.70 to $2.30 and now sits at $3.20.
But KPC is still very speculative, and it's those types that usually cop it the most.
All eyes will be on KPC when it opens. For holders, non-holders, and for vulture day traders.
- Forums
- ASX - By Stock
- before rushing the exits
9m reasons to hold. 285m reasons to sell. Who'll win the tug of...
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KPC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online