Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You said:
Where did I make a "dire" prediction at? Jesus do you even read what I write or do you just automaticly go into "bash" mode. We didn't have enough volume this week to make it past the .03 mark, and this guy is saying he smells .05 on a short holiday week? Please tell us how me simply stating I don't belive we have a shot to hit .05 on a major holiday and short market week is a "dire" prediction....
I wouldn't get too excited about any possible PRs on monday. Sure it's possible we could get one next week, but I wouldn't expect any major PR to hit till the first week of 2010. It just wouldn't make sense to release it on a week were alot of traders are home or heading home for the holidays and it being such a short week in the markets.
Look how much of a impact the PRs that were released the week of thanksgiving had on our pps.....
Again it's totally possible that they might put something out, but I think any major news they will be holding till 2010 when all the money returns to the market. Makes the most sense and is the logical thing to do as if they release it then there is a MUCH better chance for the pps to go up more from any big news.
On the week of a major holiday and a short week? I HIGHLY doubt it will be anywhere near that much. The volume should be pretty low this week, and into next as well unless we get some kind of PR which I don't expect.
After reading through the recent documents posted on pinksheets.com, I came across a really nice bit about their future plans for 2010. I think it's pretty interesting and quite telling about what they not only plan to do, but have already done as well.... Heres the direct quote:
Over the next twelve months, the company expects to maintain all of its six mineral properties and possibly acquire one additional gold property. The company intends to drill at least one gold property in a JOINT VENTURE pending the availability of additional financing. The company's current budgeted cash requirements of $650,000 will allow it to maintain its existing mineral properties and to drill on the gold property. With the company's on-going financing campaign, it is anticipated that the company can increase its budget requirements and continue to acquire attractive mineral properties. The company will continue to employ its current 5 employees along with engaging the services of a geologist on the monthly contract beginning in the second quarter of 2010.
Again, I think this provides a very clear insite on what the company is planing to do in the short term as well as long term, and more insite on what they have already done. Things are starting to come together now, and a clearer "big picture" is starting to emerge.
Your post was very good and provided some great information but it was leaving out some very important information as well. TD Ameritrade requires people to phone their orders in for stocks for quite a few different reasons, not just the reason you stated in your post. Some of the reasons are as followed:
If TDA thinks a stock might be a scam or at unusually high risk to an investor, they either make you phone your orders in for that stock or put a buying block on that stock all together.
If TDA sees a stock that has alot of extreme or unusual movement, they also will require you to call in alot of times.
Basicly, TDA trys to protect it's investors from them selfs. I totally disagree with their logic, but I do however understand it. I have been in stocks where I have sold, and wanted to buy back in and I couldn't because they put a buy block on it and wouldn't allow anyone to buy it. At the same time I have been in 100% legit companies like KATX where they have required me to phone in an order. This is common practice by TDA.
I don't belive TDAs phone in requirements have anything to do with KATX share count about to hit ZERO as you have stated in your post. We just did 17 million in volume with no problem. Also, this phone in requirement for TDA is not something that they have done in just the past few days, they have had this requirement on this stock for over a month now. Again there is no way this would be releated to the share count about to hit zero IMO.
Right now this is slightly annoying, but it litterally only takes about 1 min to get a live person on the phone to place the order for you. The order goes through just as if you placed it your self online, and it shows up in real time in your open orders window in the software. Also, TDA does NOT charge it's 9.99 commisson fee when you place a order by phone on stocks they require you to call in.
I don't belive that will be the case, again fridays are typically a sell off day due to the day traders, and then we will be heading into a slow and short holiday week. But yea you are correct in assuming today wasn't a sell off, it wasn't. We went down today on very low volume while some people took profits, nothing more. We could have made it to .03 if the volume held up just a tad bit longer.
We need to get past the 3s to get anywhere near the 36s, and we clearly didn't have the steam to do that today. We are back to the low volume trading. And with out volume we have no hope to get anywhere near the .036s. We need news to increase volume and thus increase our pps.
Fridays are typical sell off days, so if your planning on getting in tomorrow, doing so first thing in the morning might not be the best way to go about it. Chances are the stock will dip more around the noon to 1 pm hour than first thing in the morning. This is typically when the volume goes bye bye for the day.
Ken wasn't talking about releasing a PR about updating our current status, I highly doubt they would release a PR about that. What ken said in the email I saw was a direct reply to Bob, who was asking if he hand any news he could feed the people on the boards with. Ken said we are working on stuff, but wont release news just to release it, but they do have stuff and when its ready and proper, they will release it. And then Ken stated, and I am paraphrasing here, "it will be coming soon enough though".
So basicly Ken said news is coming soon.
It wont be anything groundbreaking, updating the pinksheet data to keep their status as current is a very good thing, but its pretty much expected and isn't going to provide us with really anything we don't alerady know. It's not even something they would be pring either.
Forget my sources, did you miss the email that Birdmanbob posted today from Ken? It clearly stated that not only is news still coming, but soon.
Well typically fridays are pretty big sell off days simply because alot of the day traders and weekly traders get out for the weekend. So don't be surpise if we do drop tomorrow. As I have stated manytimes though, the short term swings of this stock are pretty meaningless in the big picture of things. This company is worth far more than .02 a share, and even prices in the .10 to .30 range will seem cheap down the road when this gets over a dollar.
As I said yesterday, it was too early to get excited about what happened as it was only one good day. We need to string a few green days in a row together, then it will be time to get really excited. And that will come, sooner than later too.
Today wasn't completely disapointing though. We learned some really important things about this stock. We had no volume all day long today, and this thing still shot up to .0285. That shows me that there is strong support that is ready to buy this up. All we need is a nice catalyst to get this thing moving and it will not only shoot up, but should find a new, higher trading range as well. Good things to come!
as is mine!
I will let someone else ready though that massive pdf :)
Maybe those who are pondering the future already loaded up on shares? I know thats why I got in this stock, for the future not for the short term....
not when theres no volume...
good link but it doesn't really tell you what the information that they file is. Basicly they just said "current company infromation". But I belive that refers to things like current OS/AS etc.
I belive they are refering to more recent company data, such as current OS, AS, etc to keep their current reporting status. I could be completely wrong though, but I belive thats what they are refering to.
Yea, I do expect it might trend lower next week and maybe the week after though simply due to the holidays and it being the end of the year, typcial dead time on the markets in the first place.
But nothing wrong with that, same thing happened over the thanksgiving holiday as well. I belive we will come out strong in the new year, specially with good news coming too.
last time I checked Ken said by friday or monday at the very latest.... Is it friday or monday yet?
I belive the key line is this:
To keep some people happy we’d need to put out news almost every day, which is unreasonable, but news will soon be coming you can be sure of that.
Again, he tells us that news will be coming SOON. To me that means a few weeks, mostlikely the first week of 2010. Which makes the most sense in my opinion. Of course I am talking about the bigger news, it wouldn't surpise me if they release one or two PRs before then with some smaller details on them. But I expect things to really get going early next year. Either way, things are looking great for this company.
I love how I have been right about almost everything I have said on here in the past month, including correctly calling the bottom at .015 and having it hold at that level for 2 or so weeks stright! But yea, he doesn't quote any of that, he only looks at what I said yesterday, and bases everything I say on me being wrong on one day. Look, I will be the first person to admit when I am wrong, and I was wrong yesterday, simple as that.
I put my self out there by making predictions, educated guesses on what I belive this stock will or wont do. I don't intend for anyone to take them as fact, or as this is exactly what is going to happen, even though it seems some people take them that way.
I am not just randomly guessing here, I am using the data at hand to form my predictions. This is what all real traders do. Am I going to be right all the time? of course not! I don't try to be, all I simply do is read the data and form the best conculusions I can based on what it shows me. People here should only take it for what it is, a possible outcome of many.
Right now this stock doesn't have the volume to get past .026, there is restiance building at that level. I belive it will finish some where between .025 and .026, but might end up a bit lower.
Its quite common for MMs to control a stock and have it move in the exact same way as it did yesterday. Me assuming that was the case is not coming out of left field, real investors look for signs like that. I also clearly stated they will "mostlikely" try to walk it down, never said "they would walk it down". Sometimes the walk it up in the AM and walk it down in the PM, sometimes they walk it up for a few days and then bring it down etc....etc... So far I haven't seen any clear signs this was the case, which is a great sign and means growing support. The good news is its holding strong today at yesterdays close, and we did run nicely on basicly no volume.
I am glad you don't think my assessment for today is any better, don't listen to me, you certianly don't have to. All I am doing today is stating simple facts, all one needs to do is look at the level 2 data to see the same things....
The volume is COMEPLTELY gone at this point in the day. Earlier we had a clear path to .03, no restiance, nothing stopping us. Then what little volume we had dryed up. Now its stacking up to where it looks like we will either finish around the .025 level, or slightly below. Unless some random rush of volume hits, which I don't see. We got some resitance building right now at the .026 level and with the lack of volume I doubt we will be able to punch through that right now.
I belive any major news will hit the first week of 2010, and I think that would be the perfect time then. More people in the market, alot of people looking to get back in, and all of the holidays are out of the way.
Not sure what your looking at but the volume has completely dryed up. The MMs put a massive spread on the bid/ask which helped it dry up. Now theres barely any trades. If we could have held the volume from eariler, even though it wasn't much, we could have hit .03. Now it looks like we might close down for the day at this rate.
It almost always gives some back after running in the AM around the noon hour, volume drys up and it slumps for an hour or two then rebounds. It's already started its rebund nicely back up to close to the HOD. The most important and exciting thing to look at today is the level 2 data.
Right now, there is ZERO resitance untill you get to .036. So this could easily run alot higher. I don't think it has anywhere near enough volume to get to .036, but .03 could be very possible!
mines currently less than that, didn't charge me, told me stright up they don't charge you for trades on stocks they require you to call in.... =)
wouldnt surpise me.
He wasn't saying there was an extra charge, he was saying they were charging the "online price" for the phone orders. Again, to clear up any confusion, TDA does not charge any trading fee for placing an order on the phone if it's on a stock they require you to place by phone and wont let you place online.
I never had to ask, they actually told me up front, but if they don't then I would. Not sure if they do this for all phone orders, I highly doubt it, but I do know they do this for all orders that they require you over to place over the phone. It's the least they could do since they put these crazy restrictions on this stock.
Where did you here that at, I bought in on tuesday, last week, and a moonth ago, EVERY TIME they told me I would not be charged a order fee for placing an order on the phone for this stock. It was waved every time for me. So unless they changed this policy yesterday, you are completely wrong and or the person who told you this was completely wrong. They have not once took out the 9.99 trade fee for me, I know for a fact as I have used my full amount of funds to buy as many shares as I possible could. My orders were 100% free, as was both of my friends who got in too.
Get over what? I was responding to a guys post.... And no, they are not charging the online rate. You do NOT get charged a single penny for calling in a phone order on KATX or any other stock where they require you to phone in your stock order with TD Ameritrade...
Might wanan do a bit more research next time before making a comment...
Yes we all know the doller sucks and the price of gold will continue to go up, this isn't really anything new :) It will be great for KATX in the future too. But not till they get closer to mining it. Once the USA enconmy recovers though, when ever the hell that will be, the dollar will rebound some. How much is anyones guess, but to think the curancy of the worlds strongest enconomy is going to suddenly disapear and not be relavent anymore is a bit of a overstatement I belive. But I too am investing in gold and would recomend doing so to anyone, even at these prices. Though I am investing in gold largely through KATX right now ;)
This isn't news and it doesn't have anything to do with KATX....
I got in KATX over 1 month ago and I have not sold a single share. If you rember, there were LOTs of people posting news about monday, but sure act like I was the only one. I own a very nice volume of shares right now, bought in this week on the dips on tuesday. Bought more last week as well. And got a buy order in for .017 right now with a GTC stamped on it. I got enough shares right now that I am completely happy with my position. One always wants more shares of a stock he belives in, but for the first time in a while I really don't care if this goes down short term or up. If it shot up tomorrow to .20 I would be quite happy. And if it went down to .017 where I have my buy order placed at, I would also be happy. I really don't care what this does short term because I know what it WILL do long term and have no doubts about that.
So I am really not sure where you get the idea of me "selling early" lol. I just said 20 min ago I am long and strong and have no plans to sell anytime soon, and I have never said otherwise on here or even implyed that.
Been saying the same things for days. The chartest said monday this would shoot up even if news didn't come out. And that this would be a green week for us. Kind of like they said the week before, and the week before that.... etc...
I have said it time and time again, using charts to predict future trends with pink sheet stocks is pointless. They are too volitile and the data is poisoned by the dynamic moves. Charts are fine for intra day stuf and things like finding buy/sell points and looking for resitance levels (though level 2 is far better than any chart for this) and for finding bottoms. But not for predicting short term trends or long term trends.
this from the guy who told me in a private msg that the only way to tell if there is restiance is by looking at a chart.
Apparently he's never heard of Level 2 data....
I said it appeared the day would be monday. On that friday I said it looked to me at least the news was pushed back, and that it at worse could come out in a few weeks time, or it could still come out this week, and that I didn't know.... I never cliamed as a 100% fact it was indeed coming out on monday or any other day. I only said that big news was coming, and that was the fact. Which was based on many things. And I still fully stand by it. If you are going to attempt to bash someone, you might want to actually quote what they say correctly first.
I told everyone on here 3 days before monday that to me, it appeared it wouldn't be coming out on that day. I got many sources, none of which I would ever tell you. There are plently of people who post on here every day, and that are well known that have sent me msgs that have no doubt about what I know and don't know, that is all i will say.
The only time I have had to wait on TDA for a trade to fill is if it was a big sell order and there were no buyers. Or if it was a big buy order and there were not many sellers. Yea some times I do have to wait a few min, but nothing close to 10 or 15. More like 2 or 3, but thats usually because there is very little trading going on and the MMs just were waiting for more shares to pile up at a price before filling the orders. But yea, I can't speak for etrade or any other brokers.