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This is something I already explained MANY times on here before, as many other people have also done on here. These trades are trades that were filled during the normal trading hours but were not recorded till AH. There are many reasons for this to happen and it's quite common and really means nothing. It's just normal stuff. It happens alot of times on high volume days when the MMs don't have the time to record every trade in the time limits they are given, so they have to "catch up" after hours by filing form t trades. There are other reasons for this as well.
Here are a few facts though, there is no way for you to know if these trades are buys or sells, as you don't know what the bid/ask price was at the time of the trade. They show up as either sells after hours if the price is below the last trade price, or buys if the price is above the last trade price. That does NOT mean they were actually buys or sells.
These trades are just part of the normal daily trading process. They happen all the time. And really do not correlate to any trading trends.
Really? We are "nuts" because you think $5 is unrealistic? Why don't you explain to us all why you think that is the case. I would LOVE to see you try to do that. And you actually think .10 is a "realistic" target pps? Did you even do ANY DD on this company or similar companies like KATX? I am guessing that is a big fat NO. If you took the time to do any research, you would have learned alot of things. One of them would have been the fact that this stock went from .20 to $2 in 3 days back in july. It was at .20 back in aug, then fell down due to no updates from the company for a while. In nov, we went from .002 to almost .05 in 2 weeks. And that was all on pretty small news. So you are trying to tell us that we should only expect to hit .10 realisticly? When we have already blown past that before in the past 6 months and got 1/2 way there back in nov on pretty small news.......
I hate to keep kicking a dead horse, but I do believe this is a perfect example. Lets take a look at are friends over at UXG, they were EXACTLY where KATX is now a little over a year ago. Last Nov they were trading at around .40. With in 4 months they were at $3 a share. Why did this happen? Did they start mining? No, they simply did test drills on their land that produced great results.
Lets take a look at a few of these. This one is from Feb.
US GOLD CORPORATION (TSX: UXG)(NYSE Alternext US: UXG)(FRANKFURT: US8) announces new high-grade results from its El Gallo project in Sinaloa State, Mexico. Best intersections return 27.0 opt silver (925.3 gpt silver) over 15.0 ft (4.6 m) including 38.2 opt silver (1310.0 gpt silver) over 5.0 ft (1.5 m) and 17.3 opt silver (593.8 gpt silver) over 50.0 ft (15.2 m) including 41.4 opt silver (1420.0 gpt silver) over 5.0 ft (1.5 m) with mineralization all within 150.0 ft (45.7 m) of surface
Heres another one from March.
US GOLD CORPORATION (TSX: UXG)(NYSE Alternext US: UXG)(FRANKFURT: US8) is pleased to announce that core drilling at the El Gallo project in Sinaloa State, Mexico, has returned the deepest high-grade silver intersection to date. Testing below the previous limits of the mineralization returned: 20.8 ounces of silver per ton (opt) (713.1 grams per tonne (gpt)) over 14.3 feet (ft) (4.4 meters (m))
Hole GAX012 intersected two separate zones of high-grade silver mineralization, with the deepest being at a vertical depth of 380.0 ft (115.0 m). The deepest intersection was the most significant with an average grade of 20.8 opt silver (713.1 gpt) over 14.3 ft (4.4 m), including 73.8 opt silver (2,530.0 gpt) over 2.5 ft (0.8 m). This intersection extended mineralization vertically by 65.0 ft (20.0 m)
As you can clearly see, this company shot up from .40 to over $3 not on mining, not on a JV annoucement, but on simply annoucing test drilling and then getting the results of the test drills back. Lets compare something else right now.
KATX Outstanding shares are around 186 million todate as of the last filing a few weeks ago.
UXG Outstanding shares are at 106 million as of their latest filing.
So we basicly have a difference in OS of ONLY 80 shares or so. UXG is currently trading in the $2.75 to $3 range, and was back at their 52 week high of $3.50 just back in Oct. Again, this is all from TEST DRILLS not actual mining. Now those test drill samples I posted above from UXG were from Silver deposits. Let's compare KATXs gold properties to UXGs.
KATX Gold Results from Handcamp
During the first phase, rock samples were collected over some of the prospected areas with numerous samples showing very encouraging mineral results, of 158g/t Au, 94g/t Au, 82g/t Au
Results from KATX Twi-Lite Property
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold)
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t)
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t)
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t)
Now Lets take a look at some of the Gold results from UXG:
US Gold Nevada Property
US GOLD CORPORATION (NYSE Amex: UXG)(TSX: UXG) is pleased to announce good exploration results from Nevada. The best results continue to come from West Pick, including 0.06 opt (2.05 gpt) gold over 75 ft (22.9 m) and 0.027 opt (0.94 gpt) gold over 180 ft (54.9 m)
These channels are present in the West Pick area where US Gold has encountered significant mineralization, including the best results announced earlier this year of 0.085 opt (2.9 gpt) gold over 150 ft (45.7 m) and 0.065 opt (2.24 gpt) gold over 120 ft
So there you have it, notice a "tiny" differece there? UXG, a company with ONLY 80 million less shares than KATX, as to date found gold in it's test samples at a high of only 2.9 gpt.
To date KATX has found gold on it's properties in the following amounts: 202 gpt, 158 gpt, 94 gpt, 82 gpt .
KATX prospects are already showing MUCH higher reserves of gold than anything UXG has.
So lets do a quick recap here. UXG is trading close to $3 right now, KATX is trading at .0185 right now. They both have basicly the same amount of OS. Neither company is doing actual mining. The only differece between a $3.50 mine exploration company and a .0185 mine exploration company is test drills. KATX is going to be doing it's first test drills int he VERY near future. And you think are realistic "target" pps is only .10? You clearly haven't spent anytime doing any research at all.....
Short term anything under .02 is a very great price to buy in at. The new bottom appears to be around the .017 level so far. Long term, anything under $5 or $10 might be a good buy in lol. Wont know till the news hits and this starts moving. But as I said in my other post companies like KATX with far more dilution and far less spectacular properties have had no problem moving from the penny to $3 - $12 dollar range very quickly.
Also want to add something else that might have got over looked in my other post. These type of companies don't always expload right away on great news like a JV or test drilling. I would expect KATX would expload up very quickly do to the very low OS but it might take some time. Either way it WILL go up. Some of these companies go up big in only a few days, others take a few months.
UXG is a great example of this. They went from soemthing like .06 to $3 bucks, but it was a slower rise that took over 4 months to hit the high of $3. And then it took another 5 or 6 months to hit the high of $3.50. Others have gone from around .20 cents to over $10 in a few days to a few weeks. Just all depends on the news, the results of any type of test drills and the OS and other aspects like that.
Mine exploration companies like KATX are like Biotechs, they don't make any money for the first few years, but like biotechs, when they get their first drug approved by the FDA, they shoot up. I was in one this past spring that went from 20 cents to $1.85, and saw another one go from $2 to $25 in a few days. Of course in our case our drug is "gold" and other rare earth metals, but when we hit it, these companies shoot up as well just like the biotechs.
But heres the kicker, we already found the gold and coper and silver! All we are waiting for is the money for the test drills, which I believe we alerady have and are just waiting for the CEO to complete the deal and annouce it. This is the classic time frame to buy a mine exploration company right before it really takes off and runs to the hills.
Thx ;)
While it's your money and I could really care less how you spend it, you clearly have no idea what this companies value really is. If you got in this stock just to hold it for a few weeks or a few months then you clearly need to learn how to do better DD and research.
Gold companies like this take time to develop. KATX is at the end of that process, they are about to annouce test drilling and a JV, the last 2 steps before mining. It doesn't matter if the news comes out tomorrow or in april, when it hits this will fly.
Let me give you a tad bit of history here, UXG, another small mine exploration company like KATX went from a few cents to $3.50 in 4 months after they partnered up. Other mining companies have gone from .20 cents to 11 or 12 bucks in a month or two when the test results come back from the drills or when they annouce a JV.
Not only is this very possible for KATX, KATX actually looks a hell of alot better than any of the recent mine companies to hit it big. They have far less outstanding shares, their properties look far better and they arn't burning through money like its air.
Last time KATX ran on what was pretty small news at the time, it went from .20 to $2 in 3 days..... The next time it ran was back in nov and went from .002 to almost 5 cents in a week. As you can see this stock is quite capable of big movements. KATX is a very healthy stock and one with a bright future.
If you stay in this stock, you are basicly guaranteed to make a ton of money. I don't know when the big news will hit, but I know for a fact that sometime in the next 6 months this thing will blow up big. It could easily run to 10 dollars or more. I don't know about you, but I sure as heck don't know of many stocks that basicly have even the remote possiblity of going up that much. All you have to do is uhhhhhh not sell and you will do just fine. This is one of those companies where now is a great time to get in, and then you just sit back and leave it alone for 6 months or a year.
If you don't have the patients to do that then no this stock is not for you. Get out and go find some stock you can flip for much smaller gains.
They have told me many times that they will restrict a stock if they feel something is fishy, extra risky, or simply if there is a lot of crazy movement on the stock. There is quite a few reasons why they do this. One is to try to pretect you as you noted.
Often times when they restict a stock it's not because they believe that there is anything wrong with the company or that the company is bad. I really hate this aspect of them as even if their intenitions are good at the end of the day it's still my money and I should have ful rights to spend it on what ever stock I want. They tend to act more like poloice than a broker.
It has cost me around 80k on a stock that I sould for a nice profit and was going to buy back in when it dropped and they wouldn't let me buy back in at all because they put a full buy restriction on it with out telling anyone. A week or two later the stock shot way up on great news and I just had to watch.
So your saying Ken sent you to that site to "buy" a news story about KATX? If this is actually true not only would that make Ken look bad, it would make the company look bad too. The site your talking about seems to be nothing more than one of those typcial BS sites where they write their own opinions on a company, and then bill it as new "news" and make you pay for the whole story. It's not "news" its just some random persons opinions.
Also ask your self this, why would our CEO ONLY release information to some BS site like this? If he had new information he could release, he would put it out there freely as he has always done. Not only would this get out to FAR more people, there is really no reason to only put it on a pay site. It makes ZERO sense.
Your starting to spin in circles right now man, what your saying and implying isn't making any sense.
TD Admaritrade putting a restirction on a stock does not mean they are "short" on it. They put restirctions on stocks for a number of reasons. There are 3 or 4 different reasons why they put restirctions on a stock that have nothing to do with them shorting it. They have had buy restrictions on KATX for around 3 months now.
I don't know how much of a sign you can gather for this, but as a TDA user I can easily say this is very good news as it was a pain in the a55 to have to call in every buy order for this stock. The funny thing for me though is I just bought my last postion of KATX that I plan on getting for a while now a few days ago and now they go and lift the restriction. Go figure!
We got a decent amount of resitance at the .02 level, looks like it will be too much for us to break through today with our insanely low volume. Our support level is at .0165. So we should fall in that range today, hopefully closer to the .02 side of it. But I don't see it being possible to break it today. If we can finish close to .02 today we should be able to slowly inch up from there over the next few days. It's going to take a news release though for this to really get going and make it's next move up. We know great news is coming, and coming soon, wheather it's this week, next, or the week after next is anyones guess though.
AH settlements are completely normal and common. It could be any one of a number a different things, your assuming it's a short settlement based on really nothing. When KATX was on the SHO list we had these AH trades the whole time, everyday. Also, when KATX wasn't on the SHO list, we also still had them.
My point is there is no way to tell exactly what they are unless you had access to level 3 data, which if you did you couldn't tell us in the first place because it would be illegal. It's useless to try and say it's one thing or another as there is really no possible way to know what it was.
All people should really know about Form T trades are they are very common, very normal, and theres nothing really good or bad about them. In stocks that don't trade on the AH market, Form Ts are just used to record stock trades that didn't get filed durning the normal trading hours. There is no way to know why this is the case or if the trade was a buy or a sell.
No doubt, and it's not just gold, they have what appears to be a massive copper reserve as well as other rare earth metals on their properties.
Once a JV is annouced, this stock will shoot up. But the big pay day will come when they get the results back from the test drills, and that will cause this to shoot up even more.
Just a little advice, there is a great website called investopedia.com that has all kinds of great information on stock trading you should read. They also have deffinitions to what all the terms mean as well. It's a very useful site for a new investor.
Also, when you get the time, do some google searches on "understanding and reading" level 2 data. You should learn how to read and use Level 2 data at some point if you plan to become a serious trader. It's priceless and will help you better predict what stocks will do as well as ID bottoms, buy in levels, sell levels, resitance levels, support levels etc.....
Not really, if you were trying to hide a big sell you would just buy it in 100k blocks or 50k blocks thoughout the day. If this was a MM trade, they could just hide it by using a ECN or also by buying in smaller blocks.
These are normal trades that just were not offically recorded when they took place. This happens quite often. Alot of times you see a few Form T trades at the end of the day on days with high volume as the MMs only have a certain amount of time to record each trade. If they miss the time frame they have to do a Form T at the end of the day and record it then. Thats all this is.
Theres no way to know for sure what this is. I know Ihub and others report this as a "sell" but you can't know for sure because it's a form t trade. Form Ts are after hour trades, but since our stock doesn't trade after hours the MMs use the form ts to report stock trades that were filled eariler in the day but not filed at that time.
This was a trade that took place sometime durning the normal trading hours today and was filled then. The MMs just didn't record it for what ever reason at that time and had to file it after hours. Since the trade was at a price below the closing price, it shows up as a "sell" but theres no way to know for sure what the actual trade was.
Again, just because you place an order at the ask doesn't mean the MMs will fill it right away. MMs typically wait for a certain number of orders to accumulate at the ASK before filling the orders. This happens especially when there is low volume. It taking 20 min to fill on a day like today usually means they were just waiting for more orders to build up at that price before filling them.
I find it funny that NITE is reporting "suspicious activity" to brokers now. They are the kings of "suspicious activity" and have done nothing but control countless stocks.
The reason we are stock on .0185 is because there is strong resitance at that level. The MMs have a wall of 4 sell orders at that price. We don't have the volume to punch through that kind of resitance today. The good news is that we have support at the .018 level and should trade in the .018 to .0185 range to close out the day. Hopefully at least :)
We all know that KATX has great properties with amazing possiblities, this should be why most people are here already. This is nothing new. The BIG question short term is, when will KATX get some type of funding to actually do test drills. That is really the last part of the puzzle here. We already know how awesome the surface samples are and how much promise they hold. But the deal is the deep test drills that will better confrim what is in the ground.
I think we can already answer that question about financing though, based on what Ken has said in the last few weeks in emails. He has stated that he will be updating us all on the status of finacing in the very near future.
Obviously if nothing has changed with the status of financing then there would be no reason to update us.... So if he is planning on updating us then it's pretty clear that they have now aquired money for financing.
So the next logical question is "how". The only thing that makes any kind of sense is a JV. If I was another mining company and was looking at other local mine exploration companies with promising prospects, I wouldn't just want to do test drills on their land, but I would want to form some sort of parntership with them as well. KATX really can't give a mining company anything other than prefered shares of stock right now for test drill money. And no mining company is just going to accecpt some prefered shares to front the money for the test drills. They are going to want more.
There is plently of other mines in the area of katx that are already producing nice amounts of gold and copper and are making good money already by bringing them to market. Many of these mines samples didn't show anywere near the amount of gold and copper that KATX is showing already in just the shallow samples. I think there is more than enough evidence on some of the properties such as Handcamp and Rusty Ridge for it to be the bases of a JV with a mining company.
So I think we wont just get an update on the status of financing soon, but instead a full PR about some type of JV with a mining company as well. Thats really the only thing that would make sense to me. If the test drills come back postive, which they almost surely will, then it makes sense for a company to already have a JV deal in place, specially if they are going to be the ones paying for the test drills in the first place.
I believe we will have annoucement soon about a partnership with another mining company that is not only going to pay for the test drills but also be the ones doing the mining if everything comes back postive. I believe KATX will give this company a number of prefered shares, as Ken has made it quite clear he does not want to dilute the common shares what so ever, and has done everything in his power to preserve and increase their value. I also think the terms of the deal will be very good too, and that the test drills will start some time this winter. Of course it will take anywhre from 4 to 6 months to get the results back from the drills, if not longer, but any annoucement of a JV would cause this stock alone to shoot up, and then once the results come back from the drills the sky could be the limit at that point.
These are just my own personal opinions on what I perceive as a possible likely outcome. To me this makes the most sense, but of course that doesn't mean it will actually happen. I think we can say for sure that KATX does indeed have financing right now, and at the very least they will be updating us on that soon. Everything else is completely up in the air, but again to me a JV would make the most sense right now. In anycase, it's going to be a very interesting month I do belive, and a very good year for KATX.
No one was arguing or going to argure about it. I was simply mistaken and thought they went by the settlement date. Doubloon wrote the same thing in a post he made on monday saying it went by the settlement date as well, so I just assumed this was the case. I never have sold a stock for a tax loss on the last week of the year, if I was planning on doing that to cliam a loss, I have always sold much eariler than that. Did you notice how that other guy posted the correct information and it didn't trigger a argument?
As far as thrusday goes, sure there could have been SOME people selling for a tax loss, but there wasn't any massive drops in the pps that would show some kind of selling event. We pretty much traded sideways the whole day with a few small dips and a nice rebound at the end. The trading was pretty much the same it's been all week, other than a small rise at the very end of the day. The only thing that was really any different was the volume which was a bit higher than average for the past 2 weeks.
The thing I gather from thrusday was the fact that there was strong support at the .017 level. This was shown to be the case all week long on level 2, and when we finally did drop to that level, we bounced off of it nicely all day other than one single dip to .0165. Not sure how the MMs will play it next week, but it looks like .017 might be our new bottom. If you guys rember backa few weeks ago before we went up over .02, .015 was our old bottom and we tested and retested it time and time again and it held nicely. Before the last small run though, we ran up over the .017 mark and then tested it a few times and bouced off of it then too.
How long it holds and if the MMs will keep the support levels at the same prices next week is anyones guess right now. But to me, it looks like .017 might be our new bottom.
Also of pretty big importance is the fact that there was no resitance till you hit the .036 levels. If big news comes out next week, this would be great as it would support a very quick run up well over .03 with good volume.
So basicly it looks like our new bottom might be around the .017 level, and that this stock is currently primed for a big and quick move up if the right news hits and volume increases. Whether any of this happens or not is anyones guess. But the stage is definitely set for this to happen. Next week is going to be quite interesting IMO. Regardless of what happens though, this stock is a very very healthy stock.
Nice, I was mistaken as others on here were, I always thought it was the settlement date that mattered. Nice to know. Doesn't change anything though, there were no major sell offs or anything, just a slow end to the year with very low volume the last 2 weeks.
Should be ready to rock n roll next year!
Monday was the last offical day you could sell a stock for tax losses. It takes 3 days for a stock order to offically close. Last week and this week were just both major holiday weeks with typical low volume. So a small down trend developed. Nothing more.
This is exactly what I expected to happen and told people 2 weeks ago was the mostlikely thing to happen when we had people here foolishly getting peoples hopes up that this would some how hit .05 or higher before the end of the year.
Good things will be coming in Jan, possibly the first week. We know we got great news about finacing coming, and it could even be a JV annoucement. I expect jan to be a very good month for this stock, one way or another.
Please correct me if I am wrong, but don't they have something like 1500 samples they have already sent to the assay office for testing? I belive in Nov they annouced that they did 1700 samples roughly and only processed 200 or so of them and they sent the rest to the assay ofice for full testing.
Uhh there are NO drill results pending "anymoment". Please do some better DD before posting on here next time. KATX has annouced only a month ago that they still DO NOT have finacing to even start test drills and that they were currently trying to find some.
The CEO will be updating us in the "very near future" on possible finacing. Which to me means they already have it via a JV or some other partnership. But make no mistake, they have NOT done any test drills yet and even if they did them with in the last month, it takes around 4 to 6 months to get the results back from them. So your looking at spring at the earilest for any type of results form those.
I told everyone on here on monday that this looked like it was going to hit the .017 area this week. There is decent support for it at the .0165 and .017 levels so I think it will hold here for a while. This is normal for the last week of the year. This should really bounce back nicely in Jan, with or without news, but we know for a fact that news is going to be coming very soon, mostlikely in the first few weeks in jan.
I was able to pick up another 25k in shares today at .017, hope everyone else that wanted more shares took advantage of these cheap prices.
The level 2 data the past 2 days has showed a clear path to .017, so it would not surpise me at all if we end up hitting those levels. There is very strong support at that level though so I wouldn't expect us to break it. This time of year is typcially a slow time, specially the last week of the year. This going down this week should pretty much be expected. KATX will recover nicely early next year when new money enters the market and news starts hitting again.
I wouldn't get too excited about this week just because it's the final week of 2009 and alot of people might be looking to cash out their stocks for tax reasons till 2010. Thats not saying it will be a down week or anything, I actually don't have the slightest idea what KATX will do this week. But I do belive the first week of jan will be the one to watch, and the whole month should be really nice. Specially if big news hits. Either way good times are ahead and that is something I am 100% sure about!
Heres my take on Kens reply to you. You asked him directly if they would be releasing any information or updates on the financing status. The key here is how he replyed, which was a direct response to your question on financing.
Yes there will be updates on this in the very near future.
Ok now that confrims he will release "updates" on the status of the financing in the near future. Now why would he update us if the status of the financing hasn't changed? The simple and logical answer is he wouldn't. So for him to say updates are coming in the very near future, that can only mean one thing. They already HAVE financing in place for test drills. The deal might not be 100% offical yet and signed, but there is no doubt there is one in place at the very least, if not fully signed already.
Now, if they already got a financing deal for test drills in place, what could you draw from this? Well IMO, I don't belive a company would simply give them money for test drills for only prefered stock. I think the most obvious and logical thing one can draw from the fact that they appear to have financing already is that they got the money for the test drills by signing a JV partnership with another mining company.
Am I reading between the lines? Yes. But I am using a hefty amount of logic and common sense here. To me, it makes the most sense for another company to go ahead and form some type of JV with KATX instead of just working out a deal for financing the test drills. If I was another mining company and I ran into KATX and saw their very promising properties, then I would not only want to do test drills there, but I would want to lock up the properties for my company if the test results come back very positive so KATX couldn't shop them around after I already gave them the money to do the test drills.
So in recap, I think it's clear that KATX has got financing for test drills. I think the most obvious way for them to secure this type of financing is through a JV partnership with another mining company.
not much man, gotta go spend time with the fam, have a good christmas bro, talk to you soon and yes very good things to come!
Not at all, most of the investors with katx are long term investors not short term. Any real investor expects this time of the year to be slow, and thus wouldn't be scared off by no news. Sure there are lots of day traders here too, but I think most of the people who got in .02 and under are long term investors. All one needs to do is some basic DD on this company and they will quickly learn that this is an amazing company and stands far out from others in its sector, and this is one you buy and hold on to.
Factor in that big news should be coming in the near future, and you got a really exciting stock here.
I wonder what happened to that guy nammed Eggnoc...
Heres a few of his quotes from SAT:
We were soooooooo close to breaking into the 3s this week. If we had slightly more volume at the end of the day on thrusday we would have easily hit the .03s. We had a clear shot to do so with little resitance untill the volume started to dry up.
I don't know exactly how this will trade next week, but there has been strong buy support. I don't think the .03s are unrealistic at all. I would be surpised if we hit the .04s or .05s. I too would be very happy if we finished the week anywhere in the .03s.
Regardless of how we trade the next 2 weeks, I fully believe Jan will be a very good month for this stock. Either way we have good times ahead and great things to look forward to!
Of course we will, just most likely not next week.....Which is what I was talking about. Again, you tell me to put away "my crystal ball" then you say we wont have any problems breaking the .036 resitance? How about listen to your own advice or simply respect my opinions a bit more? You guys shoot me down for not agreeing that we will break .05 next week, yet you have no problem telling everyone on here that we will easily hit those levels...What makes you so sure we will?
I don't think we will have any problem getting past the .05 level at all, I just don't see it happening next week.
See we all agree on the same thing, the only difference is on the timing, thats all. We are all on the same team here.
Wow I missed that statement from NITE. Thats too funny. NITE invented the book on manipulation, and now they are warning people a stock might be manipulated, haha nice! All one has to do is look at NITE to see who the responsable party is that's manipulating a stock.
Looks like NITE might be trying to play "the good guy" now. Maybe because someone is FINALLY looking into some of their trading habbits....
Huh? God I really don't get some of the people here. It's like, if someone doesn't say something thats completely insanely happy or great about this stock, suddenly people start questioning you and labling you all kinds of different things.
I don't BS, I don't pump, and I don't bash. I simply state my opinions with no spin on them. But what I really don't get is your taking something that I said which is pretty much fact and not anywhere close to being negative or "bad", and your twisting it into something that you precive is "horriable" or "negative" for KATX.
ALL I said was major holiday weeks are not typically a time for a stock to magically dubble. This is not a negative statement, nore is it a "bad" statement. I have said NOTHING but GREAT things about KATX for the past month. My opinions have not changed, my emotions have not changed. If I dissagree with what someone on here says, that doesn't mean I suddenly hate KATX or think any differently about this company. It simply means I don't agree with what that person said.
As I have stated 100 times already tonight, holiday weeks are slow weeks, this is a fact. It's also a short week. We already had low volume for most of this past week, and it was a "normal" trading week. And we couldn't break the .03 mark. There is also strong resitance stacking up at the .036 mark. Which simple means it will mostlikely time some time, and volume, to get past that mark unless something changes.
So please tell me, what is wrong with me not agreeing with someone who says we WILL dubble to .05 next week?
Let me get this stright, your now bashing me for fully explaining my reasons for why I think this stock wont dubble next week with facts and logic.
I have asked you at least 2 or 3 times now to explain to us all on here why you think this stock will magically dubble to .05 next week. So far all you have done is explain to us that what you said was an "opinion" and bash me for fully explaining why I belive your opinion to be incorrect. So please, either explain to us why you belive this will dubble next week, or stop responding to my posts with childish replys...
I don't care if you belive it will hit .05 or .20 next week. Don't bash someone for dissagreeing with you, which is all I did. If you turely belive it will dubble next week simply explain to us why you belive this to be the case.
Holidays are short trading weeks... Major holidays are short trading weeks with very low volume because very few investors are actually trading on those weeks. Low volume means we wont be able to get to .05, specially when there is strong resitance at the .036 level....
How is my post "silly" for cliaming holidays are a bad time for stocks. I really wasn't trying to imply they were "bad" for stocks, just that it was a "slow" time for stocks. We usually don't see much movement up or down on a holiday week. I have never heard anyone cliam that a short, major holiday week was a "great time" for stocks. Might be a good time to look for a dip to buy into a stock, but the only thing that is "silly" is to belive that a stock like KATX will dubble on a short holiday week.
But like I said, I would LOVE for you to be right, that would be an awesome christmas gift there. But I don't belive there is a realistic chance of this happening...
Oh and btw, you suggesting that the "santa claus rally" is proof that holidays are good for stocks. That rally has nothing to do with "holidays" at all, it has to do with people wanting to get in before Jan, which is typically a great month as new money comes into the market then and stocks usually go up. It also has to do with people moving stocks for tax reasons as well. Baiscly the "santa claus rally" is due to it being the end of the year and not because of some effect that a holiday had on the market.
If your asking me I have never taken profits yet on this stock from when I bought in over a month ago. I bought more shares last week, bought more shares the week before, and will try to buy more on any possible dips that might take place. Specially after christmas when I have some extra money to put into it.
Yes we ALL know what you stated was an opinion... Please show me where someone here was not agreeing with the fact that what you said was an opinion. We don't need 2 people posting over and over again that what you said was an opinion ok? We all get that here...No one questioned that fact...
I am simply disagreeing with your opinion.. Your opinion of this hitting .05 next week was based on the "santa claus rally". The santa claus rally does'nt take place next week, but instead happens on the final trading week of the year... So since there wont be a santa claus rally next week, please explain why you belive we will hit .05 on a short holiday week that typically sees very low volume...
Yea and what happened, the next day we finished down..... And that day I "predicted" that we wouldn't make it past .026 again for the day and would finish below .025 for the close. At the time I said this we were at .026 with about an hour left in the trading day. What happened? We finished at .023.....
I never cliam I was write 100% of the time.... No one is.....
great! thanks so much for explaining that for everyone on here....Is it against some law for me to dissagree with someones opinion?
Hey, I wont be eating anything this week if it hits .05 because this is something I would LOVE to be wrong about. Trust me on that. But I don't see it happening what so ever. It's a very short week, and one with low volume. If it did I would not only be extremely surpised but I would be extremely happy.
Would you be prepared to "eat crow" if it doesn't hit .05 this week? Specially since you seem so certian that it will...