Yes, I would reckon we are at the capitulation or near capitulation level for the weaker hands. I hold tight.
Being a trader/investor for 25 years I have seem some weird things, and KNL's weakening share price vs excellent announcements goes into the pantheon of my "never really expected" outcomes
I have racked my brains on this and the absolutely only really credible explanation I come up with is the expected capital raising. Whether the SP is being capped to get a better entry price for the CR or whether its just ordinary investors/traders not really willing to commit to buying because of an imminent CR , I dont know. There really is no other explanation that comes to mind, because all the other boxes are ticked, in fact double ticked.
Mind you, when you stand in the shadow of a giant ( SYR) its sometimes difficult to get a slice of the sunshine LOL
KNL Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
