Nov 11 KRY says:
"With proceeds from recent equipment sales, the Company forecasts that it
will have sufficient cash to fund its operations through the first quarter of 2010"
5 days later we hit a new 52 weeks high.
April 1 2010 KRY says:
"The Company forecasts that it will have sufficient cash to fund its
operations through the second quarter of 2010"
4 days later we almost hit the 52 week high again.
Are these speculators based on what else is said in the pr's? To me this is very strange for a stock to act this way. There is certainly something else at work here that we are not aware of. As I already own KRY I am trying to think of the mind set of a speculator that would look at KRY right now or last Nov. What would someone that knows nothing about KRY base their buying decision on in these two instances? There may be another way to look at it too. Is there someone out there looking to buy shares but can't due to the low volumes? Maybe the dire message put forth after these releases has given way to sellers thus providing an opportunity to buyers that have overwhelmed the sellers at these times creating a rise in pps?
Just some thoughts :)
By the way nice LOW volume pullback.