Re: It doesn't get more obvious than this!
in response to
by
posted on
Jun 24, 2009 03:19PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Run a one minute chart for Kimber KBX today at 1:20 or thereabouts you will see a single trade (apparently a market order sell trade) for about 375,000 shares.
Who in his right mind trades like that and at a slack time for market interest.
Simultaneousy, on the Canadian side KBR.TO, someone placed a similar sell order for 56K shares which is quite large volume for that exchange.
I leave the rest to you to work out. In less than one minute the value of the company was reduced by about 20%.
P.