Nice find, Sasa. I think the idea of whether juniors in general and KRY in specific are being manipulated has been debated on this board. All I can say is that I watch a lot of stocks because a major part of how I trade is to learn the stocks individual behavior pattern at certain price points and in the face of news, etc. I have never seen a stock trade like KRY (in terms of how trades go off an bid/ask relationships, T&S etc.) Seems kind of like holding your little brother down while he struggles to get up but keeping constant pressure on him and kicking his legs out from under him when ever he gets to his knees...
The wires seem to jump at any negative news and passover positive articles even though they are no more or less "reliable".
Whether it is or isn't manipulated, all we can do is try to find a way to trade with the flows and patterns. Very difficult the last year or so. KRY has been in what looks on the chart like a death spin with only a few moments of revival. But if we look at things going on behind the scenes, we see retail throwing in the towel and institutions increasing their positions. Either they are stupid or they are seeing more to KRY than what the market is showing.
Today I expected, but I also expected to see it recover most of the losses since now the TSX and AMEX will be at a disparity at the bell tomorrow. Either the TSX joins in the frey and contunes the selling or they will refuse and drag the AMEX back up where it should be (which is still way undervalued). There just weren't enough people playing today so it was easy to work it down. Manipulation? I don't know, but none of it matters once a permit has been granted because that is really the only thing that will determine KRY's true market value.
See you all tomorrow.