"Bernanke the Bogeyman" speaks and the market goes into free-fall. Quantitive easing in USA to be scaled back, US $ down, Chinese factory output drops, fear of rise in interest rates ...... all combines for a correction to the high flying markets worldwide. So SP could dip below 30p again to provide a buying opportunity for the brave and loyal KMR shareholders, ....... it continues to be a bumpy road, looking for positives in the forthcoming report.
RE: Good news on horizon?
HI, I expect you're right on both counts...
Good news on horizon?
Maybe good news on the second pond is coming soon? It would be nice to get above the 3-month high of 36.5p by early next week.
double bottom was 26p
2nd Resistance Point 33.354 1st Resistance Point 32.427 Last Price 31.500 1st Support Level 29.856 2nd Support Level 28.211
I think you are spot on with a prediction of SP in the 50s. Once the increased production is flowing smoothly and with increased sales and stable/increasing selling prices, 50s will be no problem. Add in the possibility of a dividend in 2014 and a SP in the 60s is not then impossible.
RE: Stakebuilding or bottom feeding..
731 trades today: ...... Volume Sold: 4,082,492 ...... Volume Bought: 1,723,172 No doubt short selling (profit taking?) determining the SP, price will vary above and below 30p in a short range until any positive news.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.