Have a look on KZL web site at the 20 biggest holders, JP Morgan hold 5 %, 35.5 million shares. JP are renound for 'trading' there stock, They have enough cash and shares to create a market trend, there not fools they dont try to change the direction they just enhance the market to go 'up', until all the 'mums and dads' start jumping in then they sell into the rise and cap it, then they borrow shares and short it, panic sets in and the mums and dads sell into there hands creating a down trend, etc etc.
Unlikely they are manipulating (trading) KZL as this usually makes a nice oscillating pattern on a chart and trades very well with TA. All we've had is a constant and prolonged down trend! If they sold it down even they would run out of shares at some stage and need an up osillation to go long before more selling. Unless a big player was offloading all there stock, (not out of the question! look what shell did to WPL when they sold there share down) IMO The only type of manipulation here could be if there was a takeover in the wind and the price was being suppressed to lower the takeover offer. Still even I would be amazed if they could sell it down for that long.
KZL Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
