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The January effect usually only effects the big board stocks. This is because the big players such as hedge funds often sell alot of their stocks in nov and dec then reenter the market in January. Often for Tax reasons. Since pennies don't usually have any hedge funds involed with them, I wouldn't expect to see a big chance in pps here because of that. But I will tell you this, it sure won't hurt anything here :)
Yea, sadly he is going though some rough times right now on the personal side. Which makes me belive even more in him and his abblities considering he is still working non stop to get this company going while at the same time dealing with a sick love one.
If other CEOs cared 1/2 as much, or tryed 1/2 as hard as Ken does there would be alot more sucessful companies out there.
And a Zero behind the 11 and you might get a better and more realistic estimate of what the possible value would be of whats in the ground.
Hes gone to NYC more than once in the past week to "sign stuff". I will let everyone debate what you guys think that actually means. But you don't go to NYC to simply sign tax documents.
Uhh whos saying or implying that it "has to hit" on monday? Please don't say me, as I have done no such thing and infact have done the exact opposite. I never said "it has to hit" on a certian day, nore have I ever set this up for a single point of success or failure.
We know JV news is coming, we know other great news is coming as well. The only question is when..... Alot of things point till monday, that will be great if it does, if it doesn't it doesn't matter what so ever because the news isn't going anywhere, it's still coming and it's still going to be great and have just as big of a impact then.
The bottom line is, regardless of what happens monday, sometime in the next 2 or 3 weeks we will mostlikely see major news. We know its coming, and all signs poing right now to some sort of JV or partnership. No one on here should be thinking monday is some how a "make or break" day for this company. Again, if nothing hits on monday, it mean 100% nothing, because the news will still be coming out at somepoint.
And this is just the short term, which is really exciting. Once the news does hit, this will move up alot, and establish a new, MUCH higher trading range. And that is just the start, as time goes on, and more news hits, the pps will reflect it nicely and this will continue to shoot up. SHort term or long term, this is a killer investment.
This is a non reporting pink stock. While I do agree with some of your points, these are not the type of stocks that really move anywhere with out NEWS. Investors don't tend to see a pink sheet penny stock and look at it and say, "wow, there hasn't been much news lately, I think this stock is undervaled, I am going to jump in". You don't see "technical breakouts" with stocks like this very often. If you do, they are usually small moves. Again, news is what tends to drive breakouts with stocks like this.
News is the only way for us to get any type of company information, with out any news, we have no idea whats going on with this company as it does not have to report to the SEC. Without news for a period of time, this stock will fall down. As it shown off nicely in the charts......
News is the catalyst which drives the pps on stocks of this nature. Once some news hits, like it has over the past few weeks, then yes, you might see a small move up based on investor sentiment. But again, the real driver of movement tends to be news....
So again, sure you might see this go up a few cents short term with out news... But keep in mind, the reason why investor sentiment thinks it's undervalued is based off of the news that has already hit. So even if no new news comes out anytime soon, the trading and sentiment is all based on the news that already hit. So you see, any movement and sentiment is once again tied to news.... Also, as I stated above, you might see this go up without news a few cents, but that is not a "break out". If these guys annouce a JV, then anything under .5 to $1 is going to be undervalued..... So a tiny move up is really not a big deal and not a sign of things to come because the main driving force is once again news.
Again, I have no problem with people using charts for pinks, I use them every day as well. What I do have a problem with is all the people who go and post topics with 30 graphs that "predict" that next week is going to be amazing! Everyone on here gets excited, and then 9 times out of 10 we have a down week. Which brings me back to my orgional and main point, charts are useless for predicting weekly trends on most penny stocks.
And? they said the chart looked "very very nice" for the past few weeks and said we should have an up week. Even with the release of PRs we ended up crashing down and then trading sideways....
The indicators have been completely wrong time and time again on here. A few of the charters got it right when they said this was going to fall back to the .02 level and maybe below that.
But we had soooooooooo many people saying that the indicators were pointing to an up trend. We had people last week saying they loved the charts, and posting like 20 of them showing the indicators pointing to a big up week this week.... That never happened.
Let me ask you this. If news is the primary thing that drives the PPS of this stock. And depending on the scale of the news, determines how far up this stock will go. Basicly small news = little or no effect, menduim news = nice little spikes, big news = big gains. And the release of the news and the type is totally random. Meaning we have no idea when a new PR will hit nore what will be inside it... Why are you going to try to predict what this stock is going to do next week based on longer term charts that have been skewed by the release of random news?
Basicly what I am getting at here is the whole trading pattern for this stock and other pinks are completely tainted by the release of PRs. Why are we at the pps levels we are at now? Because a few PRs came out and shot us up... Did the charts predict the release of these PRs? No of couse not.
Now short term, you can succesfully use the charts to find bottoms, and short term trading ranges. I use them all the time to do this to help me pick my buy in points. But long term, aka longer than a week or so out, you will really have no idea what this stock will actually do. Charts or no charts.
Right now, the chart indicators are showing a uptrend for next week. If we get no news next week at all, do you think we will actually have a up week? Hell no, this is going to fall back now, maybe even below are support level of .015.
I honestly don't expect this to happen though next week as I fully belive news will hit. But I am just using this as another great example of why using charts to make trend predictions of a week or more out for pinks isn't such a good idea. Specially when the company is churning out PRs on a regular bases.
Charts are a tremendous aide for pinks? That might be the over statement of the year there. Charts can be useful on pinks for things such as finding bottoms, ranges, and so on. But thats basicly it.
We got people on here today sayin based on the 5 day ma next week looks like it's going to be a up week! LOL give me a break! We had the same people saying based on the charts, the week of thanksgiving was going to be an up week and we were going to hit .05 to .10 that week....... you know how that ended up....
Of course, if major news does hit next week, then yes, we will have a great week, but thats something that has nothing to do with what the charts say.
The fact is, no chart is going to predict what we do next week, news or no news. Every week people say the same things "oh I love this chart, the 20dma shows a nice up tend for next week" then what happens pretty much EVERY time? The stock goes down, or trade sideways....
If you want to use charts for penny stocks to find ranges, bottoms, etc, that is fine. But I will continue to laugh at the people who are making predictions on what this stock will a week or more in advance.
Let me break it down for you. If we get big news next week, then this stock will shoot up. If we get news, but smaller news than what we are expecting, this stock will go up some and the fall off some. If we get no news this stock will trade sideways or down and retest our bottom at .015 or might even break through that and establish a new bottom.
Thats my "prediction", no charts used. Come back to this post in a week and lets see whos closer....
I am quite happy the chart works for you, but I have seen the charters time and time again get it wrong 90% of the time on here. The fact that you used the chart to buy this stock and are up 30% doesn't prove anything really. No one predicted this going up to .04 in one week of trading. No chart predicted this going back to .015. I arrest my case....
I use and look at the charts everyday, there IS some meaningful data to gather from them. I have said time and time again over the past week plus that the bottom is .015. How did I get that? By using the chart. Which is basicly what you did as well to buy in. Charts for penny stocks do work for finding bottoms. But thats about all they are good for as far as penny stocks go....
What I think is laughable is people posting charts with 20 MA, 50, etc, and using 30 other charts to try and predict what this stock is going to do next week. I love to see them try to forcast moves up to the next level based on charts as well. Again all this works pretty well on non-penny stocks that actually trade on other things than news and MM control.
And thats the fundamental problem with using charts on penny stocks. Most penny stocks trade on mostly news. Other outside factors like the over all market, the price of gold, etc usually have no impact on what the stock does. Only internal company news and events moves these types of stocks.
On top of that, you got another, even more dynamic factor that also drives the price of the stock. Thats the MMs. They flip, control, and completely effect how penny stocks trade on a daily bases. MUCH more so than non penny stocks.
Again, you can use charts to find things like bottoms and trading ranges for penny stocks. But there good for little else. Lets take a look at what you actually did on friday shall we?
I think your issue is your giving the chart credit for stuff it had nothing to do with. The chart did NOT make you 30% on friday. The chart showed you where the bottom was for this stock currently. You bought in close to the bottom. The stock then shot up 30% for the day after you bought in. The charts did not predict a "30%" gain on friday. In fact, if you look at the weekly charts and go back the past few weeks, fridays are usually big sell off days where we finish quite lower. Most of the weekly day trades close out their positions on that day and alot of people don't like holding over the weekend.
So why did you make 30% on friday? Because of people like me who broke the news that major news was coming on monday. Fridays gains were due to people wanting to get in before the news, something that the charts obviously did not predict. You bought at close to the bottom for this stock, the fact that you made 30% was due to luck, nothing more. If it wasn't for the impending news on monday, friday mostlikely would have been another big sell off day.
I want you to use what ever works for you, and I have no problem with people using charts. What I do have a problem with are the people who come on here and post these crazy forcasts for the pps based on what the "charts" say. Alot of people here overrely on charts. Again, they can be quite useful for penny stocks when you are trying to find a bottom, a trading range, as well as other simple things. I not only don't dissagree with that last statement, thats actually exactly how I use them for penny stocks. But thats pretty much it. Penny stocks are too dynamic, they have too many factors that can cause them to shoot up, or go way down out of no where. They are way to volatile to use charts to make long term or even short term price predictions in most cases.
I made no "bets" about anything lol. Your logic, or lack their of is quite amusing. I have no idea when the news will hit, I don't know if it will come monday, tuesday, the middle of jan? The date that has been put forth so far has been monday. I have had 3 different sources tell me monday as well. Alot of things are pointing towards monday.....
And you decide to sell on friday..... to lock in a tiny 30% profit lol, again like I said before, nice!
I love the fact that you love the chart, as I have stated before they are pretty useless for penny stocks. I find it funny you are making a prediction based on it right now, considering the recent chart data has been skewed by recent PRs and the fact that major news is forthcoming.
If I actually did bet when the PR would be released, I would bet it would be pre market... Mostlikely around 9 am. If you look at the past 6 months, every PR has been pre-market but one, which was released at 10 am..... Notice a pattern?
The whole point is, there was no logical reason for you to sell on friday. It was a pure amateur move to take a tiny 30% profit one trading day before what could be a day where major company news is released. If the PR does hit on monday, and it is premarket. You won't "tie" lol, the price per share will shoot up so fast that you will be chasing it far past where you sold at. It's going to cost you far more money to get back in this if you chase it on monday....
On the flip side, if you would have held your money over the weekend, and no PR hits premarket on monday, then you would have had plently of time to sell before much of any possible drop in the pps. You would have mostlikely been able to make just as much as selling on friday, but taken out any risk of missing the boat if the news did hit...
Again, what you did made no sense, specially on such a tiny gain lol. I mean if you were up 300%, then you "might" could justify it to some degree. Either way, it makes little sense to sell right before possible major news is supose to hit.
Lets see, take a 30% gain, or hold it for a possiable 1000 or 2000% gain...... hummm.... considering you wouldn't have risked your 30% gain by holding over the weekend for a possiable much bigger gain, it makes 100% no sense to sell on friday.
And now you are trying to "question" my education or work related skills? You have no ground to stand on right now to ask any such questions of me. What you did on friday made no sense what so ever and was an amateur move, specially on a penny stock.
I guess to a day trader a 30% gain seems impressive. But even most day traders I know wouldn't have sold one day before possible major news....
Well keep in mind, this company, and the CEO is not opposed to a buy out. It wouldn't be a buy out for the whole company, but Ken has stated many times that if it was in the share holders best interest they would have no problem selling a single property or two. Which I also belive might be pretty likely down the road if the price is right.
But there is really no risk of the whole company being bought out though, as you noted the bothers own around 66% of the stock and they don't plan on selling the whole company.
I do find a JV much more likely though. And Andaconda mining is right near by, and as noted by others has not only drilled, but has produced gold for the market already. They have the equipment and a mill there too.
Either way, this company has lots of good news to release very soon and the future, both short and long term, couldn't possiably be any brighter!
hey np bro, have a great weekend, I think we will all have a good week next week. Even if the big news doesn't hit, we will get some news, and it should be very good as well.
Like I said charts can be useful for somethings. Such as short term bottoms and such. I told people time and time again on here the bottom was .015 and we held that for the better part of a month. I never said they were completely useless for everything, but they kind of are for short term resitance levels, specially when major news is on the way :) My only point. I look at the charts every day, but I don't really use them for much more than finding support levels and judging the basic short term nature of a stock. Speaking of course about only penny stocks though, charts are very useful for the bigger companies.
Yea hopefully it will hit on monday, as the timing after the run up today would be perfect. Can you say kaboom!? But we know for a fact the news is not far away, should be next week at some point, but if not it's only a few weeks away max. I am still hedging my bets on monday, but we will just have to wait and see.
No offense but charts are pretty meaningless with penny stocks to start with, and we got major news coming. There won't be any resitance levels when that hits, it's going to break through all of the recent ones with no trouble.
Pennys trade on news, not charting patterns. You might can pick out some useful information here and there, but as soon as news hits it's all pretty useless at that point. They are just too dynamic to really put much value on charts other than for intra day stuff.
I love it when people try to play the "i am a experianced and a seasoned trader card" and then say stuff like this:
Going to try to spell it out for some of the people on here real quick.
What volatility? We had been trading in a very nice range of .015 to .02. We established at very nice bottom at the .015 level and it held for the better part of a month now....
Thats not "volatility" there buddy..... We went up today on alot of people getting excited about next week, simple as that. Even if news doesn't hit on monday, it will be coming very very soon, and I highly doubt this stock to some how crash below the .015 mark before it does hit....
There are no "rumors of news" out there. These are 100% facts, not "rumors" as you suggest. We know for a fact major news is coming. The only question is "when". Monday was a target, and at least in my book I will still be keeping a very close eye on that day. But targets can and do change. I would be pretty shocked if we don't hear something by next week though.
But heres the important thing to understand, it doesn't really matter if this news is released on monday, or tuesday, or the first monday in 2010. The news is going to be big enough to make this shoot WAY up, no matter what pps this stock is at....
Logcially speaking, it would make 100% no sense to sell this stock today. I mean, you sound like nothing more than a short term day trader to me, which is perfectly fine. You just risk completely missing out on massive gains thats all. With a good chance of major news on monday, why sell today? It makes 100% no sense. I mean if you would have waited till monday, and say, no news did hit, then you could still easily get out at a good price if you wanted to.
But again, even if the news doesn't hit on monday, when it does hit, this stock will shoot up insanely fast. So selling anytime soon is really risky to say the least. You now have put your self in a postion where if the news doesn't hit monday, it could litterally come at anytime after that. So now the question would be, how long do you wait to get back in? What happens if you try to wait one more day to get back in at a cheaper share price then the news hits premarket and this shoots up to fast to chase? IMO selling today was a pretty horriable way to play this, even for the short term investors. But hey, you will learn one way or another.
To sum everything up one more time:
There are no "rumors" about big news coming, these are facts.
The only rumor is what day will the news actually hit.
Right now it looks like monday, but it could be any day next week, or even sometime in the next 2 or 3 weeks..
The important thing to rember right now is, no matter when the news hits, or how much are pps drops before it hits, when the news does come out, this will be a major event and the PPS will skyrocket. It will litterally change the look of this company for ever. So selling anytime before the impending news would be extremely risky to say the least....
Anyway, just my thoughts and opinions....
excitment is good :)
thats completely useless. We don't need to "close above" anything. We mostlikely have major news about to hit, which again makes your charts completely useless.
I don't belive these to be "rumors". I still belive we will get one more PR tomorrow and then one on monday. Monday will be the BIG day. As far as exactly whats on them, I don't know. But I do expect the one on monday to be some sort of JV. I got too many sources saying the same thing, and based on my logic, if you read between the lines on what was in the PR that hit yesterday, it's quite clear they got funding from someware to buy that new property. Doesn't make sense to buy it unless they also have money to start doing test drills on that and handcamp. Even if monday isn't the day, I think this news will be coming very soon. Just gotta wait and see though, shes locked and loaded, and I think she might be ready to fire off early next week! :)
Specially if there is a PR to help out first thing in the AM :)
This is very true, but please keep in mind the price of gold is techncially meaingless right now in relationship to our pps. This will change greatly in the weeks and months to come, specially as we start actually mining some of these sites. But right now, the price of gold really doesn't have any impacts on our pps.
hehe i was wondering how long it would take before some one referanced the movie in their reply ;) Nice work lol.
Yea it should be amazing news, but again, there might be no news, anything could happen. If you plan to get in, plan to be in it for the long term, and if the news does hit on monday, and is amazing, and it does shoot up, well then you will win either way :)
If I was a betting man.... wish I clearly am.... I would want to be in before monday though :)
If news does come out on monday or anytime soon, and its even 1/2 as good as I expect it to be, .50 might be at the low end of the scale. Got the possiablity of a short squeeze tiggering too if we have any run up that one needs to factor into any possiable gains.
Lot of factors though, I have seen MMs hold down stocks with great news too. So if there is any run up, might not be as big as expected. Anything is possiable, anything can happen, all we can do is just wait and see. Which I belive most of us here were doing already and planning on keeping this stock for quite along time.
uhh clearly you havent even taken the time to do any recent DD, as if you only scroll back over the forum for the past 24 hours you would know alot of people expect major news of some sort on monday....
I don't do DD for people, your on your own buddy.
based on what happened today I have no idea or guess at what the possiable run on monday could look like. I wouldn't be surpised if we see .50 +. I really don't think the MMs can control this when major news hits, and I think the volume will shoot up greatly if that news does indeed come on monday.
Very nice Bob, as always. There should be no doubt what this companies CEO's intentions are. He is doing what ever he can to look out for his shareholders, a rare thing nowadays.
I got some more shares at a nice price today but wanted to get alot more heh. I sold another stock I was even on to put that money into this one, but gotta wait my 3 days for that to clear since it was non-marginable. I wont have access to those funds till monday, which I fear it will be too late by then, oh well though, I am quite happy with my current positon at the moment!
The ask price after hours has NOTHING to do with where we open the next day, nore what our trend will be. It ALWAYS shoots up after the offical close, this happens with every stock. There is no meaningful conclusion you could ever hope to possiably draw from that.
I belive that one could draw a very logical conclusion from the PR that came out today alone that they have clearly already aquired finacing. This was a company that was in need of cash to complete it's work. Now they are buying a high quality gold property and paying for it all in cash? That right there should tell everyone on here they now have money. Also confriming this is the fact that they already have some very high quality prospects that only need test drilling done to fully confrim their value. Yet they didn't have the money to do this.... So why would they suddenly buy another property when they don't have the money to even complete the research on the ones they already own?
The simple answer is they already got the money to not only buy this new property, but complete the test drills as well. And this could mean only one thing..... Joint Venture......
Without going into any real details, I too belive the time frame for this annoucement will be monday. Will just have to wait and see what happens though. But things are deffantly progressing nicely.
Lol good one ;)
Well I don't totally agree with you. There are many reasons why a stock investor would want a press release. To lable all stock traders who look forward to a press release about their company as short term "peanut investors" is a bit of stretch to say the very least. I think thats a pretty gross overstatement there.
I for one look forward to company PR for many reasons, but I am not a short term "peanut investor". At the same time, I don't put a time table on how long I plan to hold a stock. If the stock goes up, and the price is right, I have no problem selling some of my shares or even all of them at times. Whether I have been invested in that company for 2 years or 2 days. I often hold much longer for bigger gains though based solely on the research I do though. If a stock like KATX shoots way up on news, I wouldn't blame anyone for selling. Nobody ever went broke from taking profits in the stock market!
What does get under my skin are the day traders and pump and dumpers that get in stocks like KATX, which are outstanding long term investments, and play them for a week or two for short gains. Which I belive are the same people you are refering to as "peanut investors". I too have a strong dislike for them.
But what happen today, and what has been happening seems to me like it's more MM control and tricks than any sort of short term investors selling off. There have been many days where the buys have out numbered the sells and yet we trade sideways or down. And there really hasnt been any epic sell offs that one would expect from short term investors. That being said, there is always a clear short term sell off on fridays here where it's clear people are cashing out for the weekend. But I think most of the recent stock movement has been controled by the MMs, with maybe some small impact from the short term investor crowd.
Just my 2 cents though,
Cheers!
yea you can totally blame the MMs on that one, their day is coming very soon though =)
Yea, the price of gold wont start effecting this stock till they are actually pulling it out of the ground. Right the only things that effect this stock are the MMs and company news. Everything else has no impact on how this company trades.
there was 100% no dilution today. I already know some of the terms of the deal, trust me, there wont be any dilution to the common shares. Unless something crazy has changed, which is highly unlikely, there will be no dilution to common shares....
Just loaded up on more shares my self this morning :)
again.... wait till monday for that... :)