KZL 0.00% 12.0¢ kagara ltd

"75 hit " like the alamo or colonel custer, page-8

  1. 1,786 Posts.
    Guys I say this an ex KZL holder and I've made money from it and lost money from it.

    All the buying you try to do in the world will not stop it from going where it's going to go. Unless you can do about 4mill a day yourself, and even then I'm not sure.

    The chart is screaming sell, and has done for 6 months or longer. My last trade was when I sold at 88 for a significant loss when it broke support there.

    Today's 75 broke key support and the 81 level is now irrelevant (has been for days).

    Only support it has now is 66 and 32.5.

    And the FA on it is as redundant now just as it was at 1.28, and 97, and 88 and so on.

    Don't get me wrong, the story sounds good, the market thinks otherwise. And if you like throwing your money at good stories then power on.

    But people lose fortunes telling themselves that the "stock is worth a lot more" and holding for the day it is.

    For a stock to have done so poorly in what has been a great six months is heart breaking, but it is also screaming that nothing is happening soon.
 
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