I have exited most all my 550k position in the market in the last two days in the low/mid 1.70s range. Whilst I am of course not bearish, given it has been 4 weeks since the bullish press release, and we now only have a week or so before the deadline, its reasonable to assume negotiations were perhaps not as 'in the bag' as I had first concluded. That, plus the 50% rally in the stock since my entry, mean the risk/reward is simply just not what it was.
Of course I still think the most likely outcome is a positive settlement and the stock pushing through $2 on that news. That said, if it falls through for whatever reason there is now much more downside in the stock from current (high 1.70s) than when I first got involved.
Will continue to watch and may well get involved again once the decision is handed down. GLTA
- Forums
- ASX - By Stock
- I sold my 550k position - here's why
I have exited most all my 550k position in the market in the...
-
- There are more pages in this discussion • 44 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 KCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.61 |
Change
0.015(0.94%) |
Mkt cap ! $413.6M |
Open | High | Low | Value | Volume |
$1.61 | $1.64 | $1.59 | $306.5K | 190.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 585 | $1.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.61 | 1552 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 585 | 1.595 |
4 | 20150 | 1.590 |
3 | 13277 | 1.585 |
4 | 9123 | 1.580 |
2 | 3106 | 1.575 |
Price($) | Vol. | No. |
---|---|---|
1.605 | 3354 | 3 |
1.610 | 7080 | 3 |
1.615 | 32239 | 5 |
1.620 | 6879 | 2 |
1.625 | 12700 | 2 |
Last trade - 15.10pm 05/07/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |