Is the smart money getting out?, page-57

After a high volume sell down yesterday (in KNL terms) everything remains on trend from my original post two weeks ago now with sustained and controlled offloading.

This fantastic (as per holders views) announcement of battery testing results doesn't look so fantastic as per share price appreciation or buying from investors. A long way from ASX leading results that's quite clear. If anything it has increased the sell down with approx 1.2M shares offloaded yesterday. Now approx 7% off 52 week lows. This goes against all the rampers claiming there is huge news coming.

It's also worth noting that once a broker completed a full report and spent time completing due diligence of the company, it started offloading heavily straight away. Plenty of warning signs here that are plain as day so hopefully there will be no moaning or questioning why, when the SP falls further.

A great strategy, broker issues broker report with an ambitious SP target to get people excited and try to incite buying, then tries to start selling all its holdings in said company almost immediately. Unfortunately for them there is just little to no interest in this company or what it says going on past performance to excite any buyers to come to the party.

Of course GLTAH