We all have our own level of comfort with risk.My feeling of...

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20/10/21

10:49

Post #: 56930730
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Originally posted by puppyeh: ↑

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

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We all have our own level of comfort with risk.

My feeling of sellers remorse is greater than any euphoria of actual gain, so I will be hanging on for a bit of a longer ride. Happy to leave some on the table for the next buyer, but not way too much!

All the best Puppyeh!

KCN Price at posting: $1.77 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.39		Change -0.060(2.45%)		Mkt cap ! $616.0M

Open	High	Low	Value	Volume
$2.47	$2.49	$2.35	$2.755M	1.152M

Buyers (Bids)

No.	Vol.	Price($)
4	53452	$2.35

Sellers (Offers)

Price($)	Vol.	No.
$2.40	700	1

View Market Depth

No.	Vol.	Price($)
4	53452	2.350
2	21568	2.340
2	2804	2.300
1	10000	2.280
2	3722	2.250

Price($)	Vol.	No.
2.400	700	1
2.410	59	1
2.450	16000	2
2.460	2000	1
2.480	2000	1

Last trade - 16.10pm 17/07/2025 (20 minute delay)

KCN (ASX) Chart

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