KRC chart, page-2360

Hopefully this sub holder has finished selling so we can get on with it. Sentiment took another hit yesterday but I believe once we get through this overhang of supply that's been suppressing the SP over the past few days we should get moving.

It's clear there's been at least one sub-holder selling their position. For what reason who knows, risk-weighted adjustment perhaps. People sell for many different reasons but the overreaction that ensued because of it is apparent.

Yes it's difficult to maintain sentiment when the SP is falling but if you believe in the fundamentals then this is a decent opportunity to top up.

The lack of a real bounce since the SP capitulated last Thursday tells me that there has been some sustained selling from this major holder. Yesterday's flush out could very have been the end of it as 2.7m was there for the taking at 5.2c and it more or less remained untouched.

Let's see what today brings