Why would anyone pile so much sells on at 15c First 1 million then 2 million now 3.4 million shares
If you really want to sell you are not doing yourself a favour by applying that much downward pressure If you need to sell you should go lower - getting behind a queue of 3 million shares is not realistic If it does take out 15c with over 3 million shares it is probably going higher
So either some traders do not care/are stupid Or 15 is their lucky number Or someone wants more and is trying to get a better price - in which case the volume will run away if the price gets too close
Maybe just wishful thinking But I hope it means all is going well and a ship is being booked soon Rumot
KPR Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held