POK 0.00% 20.0¢ potash minerals limited

wow. massive selloff. bad news for sure, page-8

  1. 6,742 Posts.
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    So Chris31515, why was there such a sharp sell off if it wasnt stop loss selling as you alude ?

    My gut feel is that some reading the qtrly out today saw the single sentence around state hole 3 drilling having now been completed and that results were being analysed and to be announced shortly ..... those sellers probably think this must necessarily mean avearge results are coming, since the completion of coring bed 18 didnt lead to an announcment of great visuals before analysis of cores, but that could be simply too much of an assumption by some (that the company would necessarily release such a announcment), because from memory, visuals have already proven not to be reliable in POKs expereince with an earlier state hole ?

    The way the price has rebounded gives me some hope that it's not insider knowledge this time around ...
 
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