Capitulation ... not something I expected to see after it was so...

Capitulation ... not something I expected to see after it was so strong while the rest of the market was diving 2 weeks ago.

The market's basically saying that KNO is worthless, and has discounted the Singtel contract completely. There's an old saying that the market's always right, which of course is complete nonsense - nothing's changed fundamentally between now and when the price was touching 24c, so the market couldn't have been right on both occasions.

The only way this drop is warranted is if KNO never sign another contract and never make a profit. To me that seems highly unlikely, so I'm happy to hold what I have, which isn't huge, and will add when it forms a base.