Originally Posted by
smtrader
I sold out last parcel i had today.. i sold most of them just like Kelvin around $1.70.. Asb didnt allow me to let my shares go to market a few weeks ago, they took control of slowly selling them down because if i wouldve sold my whole lot i wouldve crashed the share price down to 1.20-1.30, i was quiet upset and contacted nzx and found that its really up to the broker to work the shares which sounds ridiculous to me, it sounds like market manipuation on the brokers end not allowing whoever wants to sell to just sell.. which is exactly what i think is happening with TWR now btw.
Yes it's before ex dividend, but if you look closely, soon as they announced dividends, the share price went up (due to some chasing dividends unaware of overall KMD position), i waited for share price to go up by the same amount of dividends to be paid (which was today) and sold so i can recycle money into better stocks ...
good luck if you're holding, i held long enough and lost believing in kmd, they might turn around maybe in the long term (but its a long shot) and the perception of negativity around it coupled with competition and retail outlook just makes me depressed so im moving along as i dont have the heart for it anymore.