Gself, brokers/funds/instos in the US and Australia have been unloading stock for over a month now (that's a fact) and they are sitting on large amounts of cash. Over the last week, they continued dumping with renewed interest.
This indicates the market has further to correct (with the odd rise for a day or two along the way). As you said- then KZL shareprice will follow. Where it ends or at what price nobody knows but the odds are that KZL will see a weaker shareprice over the next month or so.
By the way, not disagreeing with you, just stating a fact that Instos are still dumping stock in favour of cash.
KZL Price at posting:
88.5¢ Sentiment: None Disclosure: Held
