Technical analysis is not as reliable as it was eighteen months ago.IMO Australian holders are not holding for as long or buying as much;often strong announcements cause the SP to drop.TA won't provide any insight into KSX:the technicals are 'a dog's breakfast'.[unless some kind person can enlighten us otherwise].The problem here is quite simple:with so many people being extremely risk adverse,no-one will buy KSX shares without proof that the products are selling.Most,like me,believe that they have not been selling much product at all;therefore the complete lack of investors interest.Considering the behaviour of the so-called sophisticated investors,it is no surprise that no one is interested:why would these 'investors' dump so much stock for such minor profits if this company was about to take off? This SP is about to crash through the 1c level soon.The listing plans are patently ill-conceived:surely the management can't be serious.No doubt,just before the due date,we shall be updated about the 'postponement of the listing'.The market suggests that strong sales data will not be forthcoming in the near future. I'm holding for 2012:by that time we should see some sales and some decent market penetration.Bio-tech investing has never been so difficult!
Good Luck to all.
KSX Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
