I would look at the institutional holdings %. It has been increasing and if what I suspect is true, this is a lot of share shaking to get retail out.

The last couple of days the selling pressure let up and a lot more trades went off in the direction of BID to ASK (buys). Today it is the opposite and selling pressure seems to have increased. I suspect the rumblings out of VZ that Sanz is (per Hugo) not issuing anymore permits to companies that harm the environment is being applied to KRY and thus selling is increasing today.

Also, when the markets rebound, people divert money from risky stocks back into the large caps to ride the swing. When they take profits there they will come back to the small caps. KRY has seemed to perform very badly on market rallies but holds its own on down days.

No one sees the permit as "soon" so they are willing to shift funds to the majors.

There is strong support at $1.70 though we still see mostly sells. If that breaks I would expect a quick drop to a new 52week low and then a rebound back to this level or slightly higher.

Most of the selling pressure I suspect is a smoke screen to shake retail. If indeed institutions are buying then when they complete their orders that ASK will lift and the MM will let the PPS rise. It is being forcably held down at this point and will likely continue for the next few days at least.

I got filled at $1.70 pretty easily today so I suspect there is real selling along with accumulation by big players.