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Just because you place an order at the ask doesn't mean it is supose to auto fill the second you place it. Not sure why some people think that. The MMs don't usually wait for a single order at the ask, they usually wait for a set number of shares. If that number doesn't get met in a certian period of time at the ask price, they drop the ask and try again. This is normal.
In your case it this doesn't seem to be the issue, but instead it seems that you were at the back of the line. When you put in orders they get filled in the order they are receved at that price. There could have been alot of people in front of you waiting for their orders to be filled too.
Not saying something dirty didn't happen, but everything you have said is pretty common.
If the PR has anything about a JV in it, think .50 to $1 range heh. If it's smaller news than that, then anything from .10 to .50 could be possible IMO, depending on how big and meaty the news actually is.
thought about it, sadly I am still with them though. What they are doing with KATX is really pushing me to my limits though. No reason to make you phone in a order, 100% no logical reason to force your investors to do that. Thankfully it's never cost me anything on KATX yet, and of course they allow you to sell online.
Not really at all, they just dump the order off to a wholeseller, something that they do all the time anyway with stocks they don't keep shares off. Which is common because most don't keep a ton of shares of pinks or otcs. I have never noticed any extra time delays when this happens, it's autmomatic in most cases.
I expect any major news to be held till the first week of Jan, but in anycase, it's coming, and soon.
They have had it like this for over a month, I don't belive they are shorting it or doing anything with it. They do this quite a bit for stocks that have alot of movement or that they think might be risky to investors. Basicly they are trying to protect investors for them selfs which I think is total BS.
I don't understand how calling in a order does anything other than piss off investors. Regardless of the fact that it's my money and I should have the right to spend it any way I want on any stock I want.
But thankfully they still let people buy this one and hopefully that wont change. I have been in stocks where I bought in already, and then sold on a big move and made a nice profit. And went to buy back in only to find TDA had put a block on that stock and wouldn't let me buy back in. The stock that I made 10k of of ended up going up about 2 weeks later and I would have made 80k if I was able to buy back in. I was quite upset about that....
Well I hate to put an exact pps target on news it self, just because there are sooooo many factors envoled with that. But, if the news is JV related, or related to aquiring captial for test drills, then I wouldn't be surpised if it shot up to .5 to $1 on that. Specially with the amount of interest in this company and the low OS and float.
If it's smaller news, but still pretty meaty, I would expect it to go up anywhere from .06 to .15 or .20.
These are pretty much best case examples though, again there are a ton of factors that will be in play when news does hit. How they word the PR for exmaple, and how many speciffic details they provide in it will make a big differeance as well.
But yea, it wouldnt surpise me at all if they annouce something as big as a JV for this stocks pps to shoot way over .50.
I think there is way to much resitance at .025 to get past it today. It would need a PR or some other major news to break that today. At least right now. Of course if that resitance level starts to weaken some, then anything is possible.
Regardless of what the reason is for this to be going up, it's a verry good sign. Today shows that there are alot of people watching KATX, and alot of people with money on the sidelines, just waiting for any reason to jump in. Today, at best case, there wasn't any major reason or sign to get in, but still there was enough of a sign and tons of people got in. Whether it was from the MMs or all of the talk about updating their PK status or new PR coming soon is anyones guess. But over all the reason for people getting in isn't really all that important today. The big thing is that there are LOTs of people who are looking to get in this stock.
If a big PR does hit soon, with some major news in it, this thing is going to really fly. There is no question in my mind about that now. I was a little worried last week when the gold property pr hit and it didn't react to it. But after today it's clear people are there waiting to get into this stock, they are just waiting for the right news which might be coming very very soon.
As far as I know you can on TDA. I bought more shares yesterday with them, they have placed a "must phone it in " status on KATX, which has been there for at least a month now. But you simply have to phone your order in. Makes no sense but they are still allowing trades as of yesterday.
what caused people to out of no where, all at once on the same day to suddenly realize this was under valued? That is the question you should be asking your self, not mocking people who you don't agree with.
yea, please tell people to stop aruging and responding to my posts and I will be glad to talk about what ever you want. And btw, talking about KATX is kind of ON TOPIC. Specially when its talking about what is ACTUALLY GOING ON currently with the pps.
Again, if this is real movement then that is great, outstanding actually. I would love for this to be the case. I simply do not belive that to be so. I would love to be wrong about that and hope I am. I have just seen this happen to many times, with this stock and other pinks and otcs for me to get too excited yet. If strong buy support continues for another day or two, then i will have a completely different opinion.
There is massive resitance at the .025 level, I would expect it to hit a wall here and then fall down after this.
Will that happen? I don't know. Is this truely a MM controlled walk up before causing a sell off? I don't know.
All I am saying is this doesn't look natural and it appears the MMs will try to crash this back down. It's very common and happens all the time.
You call common and known MM games "tea leaf reading".... Nice.....
The MMs totally control the PPS. How do they do this? By setting up phatom orders on one side of the market. In this case, they showed strong buy support early on, which made people feel like there was good support on the buy side and that it was ready to run. Which the MMs wanted, so they allow people to get in, run the price up.
It's quite common for them to do this in the AM, then in the PM try to dry up the volume and cause a sell off.
Call it what you want, but if this was a natural move, it would have gone up slow and steady over a few days, not shot up massively in one single day.
Volume is already drying up, it's setting the stage for the MMs to walk it back down now as I stated. If you don't belive me thats fine, just wait and see where it ends up at today. They might not complete this till tomorrow, but I would be surpised if we didn't fall off a good bit more today.
The MMs set the stage by posting large phantom buy orders, which got alot of people into this stock due to the preceved support, which of course caused the stock to shoot up. The MMs will now try to take it down this afternoon by trying to dry up the volume and entice people to sell for quick and easy profits.
A MM "walk up" doesn't mean there are no real buyers, it simply means the MMs set the stage by padding the bid to make it look like there was massive buy support for this stock. Once it gets to a certian level they turn it back around, simple as that.
Theres no logical reason for the sudden influx of buyers today other than this. Again this is a stock that trades mostly on news, which of course there was none. It doesn't magically go up on it's own without help from somewhere, in this case it was the MMs.
Sorry if some people want to live in their own little world, but I don't BS. I am long and strong and have said nothing but great things about this company. I am simply stating a fact today, nothing more.
How have I been all "doom and gloom" ? You really might wanna go re read not only my last posts but all of my posts for the last few days because you clearly have no idea what your talking about.
My last post was not postive nore negative, it was simply stating a FACT. I said the same thing last week as well. This stock does not suddenly move up on it's own, with out news. Look at what happened today, no news, no rumors, and we shoot up to .025 on high volume of 12+ million shares traded by noon? There was no reason for this to be natural. It was MM controlled, simple as that, happens all the time. They will mostlikely try to walk this down the rest of the day to close.
My feelings for this company have not changed one bit. Every day I talk about how the big news should be hitting soon, within a matter of weeks at most. I talked on monday about how I feel we will get a PR this week of some kind. And I have said nothing but good things about what this stock will do short term and long term. In fact I have said NOTHING bad or negative at all about this company.
I am so sorry that because I stated a simple fact that you took as negative you some how think I have turned, but that is clearly not the case.
This was a typical MM walk up in the AM with them creating a sell off in the PM by increasing the spread to lower volume then decreasing it again and lowering the ask price to try to get people to sell off.
Classic.
I know the charters like for you to think a stock like this will run up on it's own, but that rarely ever happens. News is the biggest driver for stocks like this, and today we had none so there was no real reason to suddenly shoot up to .025. It was all done by the MMs and now they are walking it back down.
I think your putting too much weight on the website. Websites are nice and all, and a very powerful tool, but right now if ours is slightly up to date it's pretty meaningless. Whats most importan is company news via PR and what they are doing in the field right now. Now if our website is a bit out of date. Updating websites cost time and money, so if that lags behind a little thats ok, it wont change anything if good news comes out.
We should get news this week, but that doesn't mean it will be the JV news. Which you pointed out that next monday might be a posiblity. And it very well could. My thinking would be that if they don't release it this week, they might as well just go ahead and hold it till Jan. December is a dead month in general anyway on the markets, and the week of christmas, besides being a short week to start with, will have very low volume and traders across the board. Same with the week after christmas too. It would not be a very ideal time to release major company news in the middle of major holidays and short trading weeks, on top of the fact its the end of the year and alot of players have their money on the side till 2010 for tax reasons.
So if we don't get the JV this week, in my opinion we mostlikely wont hear about it until the first week of 2010. Which I think would be a better time to release news like that anyway. More players with more money in the market looking to get back in....no more holidays in the short term to have to worry about, and no end of year to distract investors.
Yea me too lol.
I am sure you stated this already but what broker do you use? I am with TD Ameritrade and they too have some restrictions on this stock, though there not to bad, they just wont let you place the order your self online, you have to call it in over the phone to buy shares of KATX. I really think this is completely stupid on their part and quite baseless. The stupid part being they don't give you any warnings about this company or say anything bad about it, all they tell you is you have to phone it in... So I don't see how that does anything other than piss us off and completely inconvenience us. But that still hasn't really effected me negatively in anyway though. The baseless part is this is one of the best companies I have seen and there is nothing to show that there would be any type of scam what so ever.
uhh yea. This thing went from .20 to $2 in 3 days over the summer. Mining exploration companies like this typcially shoot way up over a dollar on really good news, if their stock is not too diluted, because when they find something, it's usually big and worth a ton of money....
If you think it has "shown nothing tangible" then you clearly havent done proper DD, thats all. They got great prospects, they got an amazingly low float and OS for a mine exploration company. And there is a whole host of other great things they have going for them, including having one of the best CEOs I have ever seen.
I have looked at alot of jr mining companies in the past year, I have not found one that has even come close to having as healthy of a stock as KATX does. Most are insanely diluted by the time they reach the place KATX is at. And most of the other ones I have seen don't have properties that looked anywere close to as good as KATXs properties do. And these are JR mining companies that have already shot up well over a dollar...
You have been nothing but negative about this stock from the get go, and you havent been able to back up your negative comments with any sort of facts what so ever. On top of that you have "predicted" time and time again this stock falling below .015 and have been wrong everytime.
So I am actually glad you think KATX is going to go down, since you are always wrong that should mean we will shoot up based on your past track record! =)
It could have been a "wal up".... or it could have been a natural move, just don't know without level 2.
Yea.... This is normal... The more people buying at the ask, the higher the ask will go...Specially if the stock is like they said, thinly traded.
Some stocks have such low average volume and such a small market cap that any decent size buys will cause the ask to shoot up. Depending on the stock, you got a few options, put in a market buy, where it will buy in a price range and not just at one price limit. Or wait for the ask to drop back down and buy more at the same level. Also depending on the stock, 100k orders are often not filled all at once. It all depends on what stock your buying.
Just because you put a order in at the ask does not mean it will be filled. MMs often wait for a set number of shares to build up at the bid and the ask before they allow trades to go through.
No one was trying to mess up the charts, it was a form t trade that was made eariler in the day and not filed till AH.
You should never use your own brokers website or tools for DD. All the ones I have seen are horriably out of date in most cases, specially for otc/bb and pinks. Sites like IHUB and pinksheets.com, among others are much better places to do DD and get information like that.
Last time I checked Ken and his brother own a majority of KATX, making it take over proof.
Just wondering where all the charters were today posting their sexy charts all day long that were showing a big up week for us.... ;)
As I have stated many times on here, charts can be quite useful for penny stocks, no doubt about that. But as far as using them to predict the short term trends and long term trends, they tend to be of little use as they are simply too volatile which throws off the charts data and makes them inaccurate. This week once again proves that....
Stocks like this trade almost fully on news. When good news with meat comes out, they go up, spike, then fall back a little bit and establish a range. That is exactly what KATX has done here. It spiked up on good news, then fell back, and found a bottom at .015. It has now traded in a basic range of .015 to .02 with higher spikes due to rumors of possible news and other factors.
This should continue till more news with meat hits. That means there should NOT be any major sell off, at the same time there should not be any major gains either. Once the news hits, assuming it's either the big news we have all been expecting, or it's other news with meat on it, then this will go up nicely, spike, and then fall back a little bit and establish a completely new, much higher range with a completely new bottom. If it's news about a JV, then it will be a MUCH MUCH higher range :)
Also please keep in mind, on great news, this stock tends to move up over the course of 3 or 4 days of trading. So any really good news and there is a good chance that this wont spike in just one day, but continue to move up for a few days. Anyway, keep an eye out for any news from the company and good luck to all!
Yea because if we know that good news is coming, and that it should be about a JV, that totally means the price wont go up a ton.....
You do realize that just because we know the news "might" be about a JV and be coming out soon, we still don't know ANY of the details about this possible JV. You do also understand that just because we again "might" know what the news is about, it still doesn't take away the fact that the news it self, when offical, would GREATLY increase the companies value thus the price per share would still go up rapidly.... You do understand these basic concepts right?
I was in a stock this srping that was waiting for FDA approval, and guess what, EVERYONE knew the FDA would easily approve their device because of the great phase 1 and phase 2 trials....Even though investors knew for months that the FDA was going to approve it, and they knew basicly when this was going to happen, the price of this stock as the date got closer went from .07 to $1.77 in 4 weeks..... Even though everyone already knew the news was going to be good and that the FDA was going to approve it.
Why is this? Oh yea, it was because even though investors already knew the FDA was going to approve it and they expected it and were not going to be surpised when the news did it, the stock still went up because they knew the value of the company would go up once this was approved......
So based on your post, you think simply because we knew that the news might be a JV before the offical annoucement, that some how would suddenly make the news worthless to the company and the pps would not go up much..... NICE! Great logic!
Let me explain my point in one simple line:
Just because you know news is coming, and know what the news will be about, that doesn't some how make the news any less valuable to the company or the stock price when it offically hits.
If you think a "leak" of any kind "kills" the actual release of the news in anyway, shape or form you clearly know very little about the matter.
I have to laugh at people who belive investors have to be "surpised" by news for a stock to go up on news. And as a investor my self, I am insulted by this very notion, which is clearly not supported by any facts what so ever. So based on your statements, you must belive investors are nothing but stupid lemmings who only react on a stock when they are "completely surpised" and taken off guard by a sudden and unexpected PR....
Have you even been invested in a company before that has had news leak or even better, have you ever been invested in a company that actually has to report earnings by a certian time? You know these crazy things called investors tend to actually do RESEARCH and DD on a stock before buying into it. In an example, people know the general time frame when a companies earnings report will be filed as they have a dead line they have to meet. Many times you don't know the exact day, but you got a good idea of when it will be. Based on other information like previous earnings reports and other already released company data, most investors know what to expect from the earnings report before it's released. Many times they know its going to be good weeks and months in advance of the actual release of this report. So by the time the actual report comes out they actually expect it to be good! And guess what, when the report does come out and it is good, the stock still shoots up!
Now why is this? People arn't actually surpised at all about whats in the report, and in fact, it was pretty much expected in alot of cases. So why does it shoot up? Because a stocks value isn't based on whether or not investors are surpised or taken off guard alone, it's based on whats actually in the report or the PR. Once it's out and offical, the stock goes up because of whats in the report, whether its a surpise or not. Just because investors arn't surpised or already expect what is in the report, doesn't make whats actually there go away or any less valuable or relavent. And guess what, they still have plently of flippers jump in and ride the stock for the gains and dump it off. Nothing really changes other than the fact that the flippers might have got in a few days earlier than if they didn't know in advance. Also, some of the news can be "priced in" already by the time the news actually does it. This isn't really a bad thing, all that really happens is some people get in before the news comes out, making the price go up some in advance of the news, and then when it actually hits, the stock goes up but not as far because of this. Over all most of the time the stock goes up the same amount it would have, it just doesn't all happen on the same day. Again, because the news it self still increases the companies value to a predetermined range.
In the case of KATX, no one really leaked anything. No one, at least from what I saw on here, said "KATX news is coming out on this date and here is exactly whats going to be in the PR". Some people heard rumors of big news coming, this happens all the time with stocks. Ken even told people news is coming "very very soon". Again, nothing wrong with that... After the news hit about the new gold property and they annouced they were going to buy it with cash, it wasn't hard to read between the lines and figure out the most likely reason for this was because they signed some type of JV with another company. Does that mean this is actually what happened? No. Based on all the facts we do know, this was the most logical reason why they bought the new property. The date of monday was based on mutliple sources saying this was mostlikely going to be the day. No one from what I saw said or knew for sure if this was going to be the day, only that it was the most likely day for it to come out.
This is a mine exploration company, it should not be a surpise to ANYONE if a company is rumored to be in talks about a JV. This is what these companies do! And yes, it's COMPLETELY expected! So to some how say that people finding out that this might actually be going on and a annoucement of this is forthcoming might some how "hurt" this stock is completely nuts. If this is indeed the news that is going to be coming out, and I belive it will be, then not only will people expect it to some degree given the nature of these companies, but the stock will still shoot through the roof when it does hit. Why is that? Because the VALUE of the company has INCREASED, whether people were surpised about the news or knew it was coming for weeks before it hits. And guess what, even if we knew 100% that a JV was coming and that this was in fact the news, it wouldn't hurt the stock what so ever, because there would still be a LOT of important details that we simply wouldn't know about the deal until it actually was annouced.
Also, all one has to do is look at the pps on friday and today to see that the rumor of news coming on monday had little effect on the pps. So no, it CLEARLY did not bring in "a larger flipper crowd". And no, any possiable JV news or other form of major news is NOT currently priced in already....
We have very low volume today and what little volume we did have has pretty much all dryed up now. Slapping the ask isn't going to make this run... Like I said all weekend long and today before the open, it doesn't matter how good the charts look, this stock isn't going to shoot up on no news. At least not right now it wont.
The basis is that there are many sources that have all pointed to and said the same thing about news. These are very reliable sources.... And no, I wont be telling you any of them so please don't ask.
Besides that point, the CEO him self has said in the past week that news is coming "very very soon". And if you do any DD and read between the lines you can pretty much quickly figure out what the news will mostlikely be about....
Ment to say in my other post that it was "coming very SOON" not new but I think you got the point :) But yea, news will be coming soon, I would be shocked if we didn't get a PR of some kind this week. I however am not sure when the big news will drop, but it wont be more than a few weeks....
I have been posting since friday that I belive there was a chance that the PR was pushed back a bit. I gave my detailed reasons on why this was the case. I have also stated many times over the past few days, including today, that I belive this stock will go down today if no news hits despite what the "charts" said. I am not going to restate everything I have said, its quite easy to find recent posts of mine on here.
But I will say this again, we know for a FACT great news is coming, and it's coming very new. Whether its tomorrow, wed, next week, or the first week of 2010, we don't know for sure. It wont be long, it will be very soon, in a matter of days or weeks at worst case.
I having a feeling if no news hit it will do the opposite but we will see. Hopefully it will fly though.
yes thank you for posting another chart. It looks great! Just like the chart last week did, and the week before that and the week before that....
Just wanted to give a little update on tomorrow with my opinions on the matter. We know for a fact that "major" news is indeed coming and very soon. Last week it appeared that Monday might be the possible release date for this news. I have seen\heard things that lead me to belive they might be pushing the release of the major news back a bit. Please keep in mind that I have not heard anything directly about it not coming out on monday, or anything directly saying it will come out on another day instead. Just some of the stuff I have seen leads me to belive they might be pushing it back slightly.
If this is indeed the case, I expect at leat 1 more pr to come out before the major news is released. I also feel really good that we will get some news this week if it does not hit on monday.
That being said, it could just as easily still come out on monday. Keep your eyes out. Regardless of when it actually comes out, the important thing is that "its coming out". It might not be tomorrow or even this week, but it will be coming out at worst case with in a few weeks tops. I do expect it much sooner than later, and if it doesn't hit tomororw it wouldn't surpise me if it hit later in the week.
Also, please keep in mind, as I stated above, they might release at least one more PR before the major news hits. So if one does come out, and the stock doesn't move very much, please put things in perspective. The major news I am talking about is in regards to a JV or other type of partnership, or the annoucement of fianacing for drilling, or both. If a PR comes out about lab work results on monday or something like that, put it in perspective and realise this is NOT the PR we are all excited about, that is still to come.
All in all there are going to be VERY good things to come in the short term. There is no "make or break" point or day for this stock. Short term is going to be awesome, and long term will be even better. Good Lucky to everyone!
Couldn't agree more and couldn't have said it better my self!
That is one of my favorite pics they have of any of their properties! Anyone wanna take a wild guess where their test drill site might be?
I think this will be one more pink that you will do very well in durning the first part of next year as well :) For what ever reason.