Started off well on the announcement with a run up to 17 cents,...

Started off well on the announcement with a run up to 17 cents, then the sellers waded in and have driven it back down.

I am surprised at the level of short term profit takers, why sell at these levels when KEY has such good prospects?

Are these sellers people that bought at 11 cents through the entitlement offer or short termers that got caught out when the last spike petered out?

My thoughts are that over the coming week the sellers that want out will mostly get out at these levels thus delaying the rise for a week or two.