IanR, in isolation, it does look like too much profit taking in KNL. But I would hazard a guess that the overall materially down day for the ASX 200 (down 65 points) or All Ords (down 55 points) is having an effect on some people, and probably adding to the encouragement for a few people to lock in some profits and put cash back in their own kitties.
Overall, we've had a great run of announcements over the past month or so, and expecting some even bigger ones in the coming months. Some trader types might try and time those announcements, but I'd personally prefer to hold them through the whole ride upwards (and save myself the hassle of creating taxable events by trying to time the ups and downs and pick up a few % extra).
KNL Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
