That old chestnut. Truthfully can anyone "know". We all ahve theories.
Its easy to say "more people sold than bought", or "less were buying than sellers selling", or "the chart was parabolic for the last month", or "one big seller triggered a stampede". I tend to think it is simply profit taking, overexhuberance, believing hype that all the graphiote expolers' are the bees knees.
For what its worth I have bought and now sold out for now and will be back when some sort of support develops. Way to volatile and hard to pick. Lucky to be home today and get completely out at 47 when I did.
Good luck to everyone.
KNL Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
