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I am doubting myself as well. Looks like all the big players moved on...... I thought our .025 support would hold, but it was shattered in a matter of seconds today, our .18 held, but its dangerously close to falling. Monday will make or break us.
so far almost every day you said this was a "gap fill" day. It hasn't been. Its been a down week on mostly low volume. Simple as that, the holiday had alot to do with this.
I am sure we might have filled a small cap or two, but this was a down week on a major holiday week with many players on vacation. If this continues next week, then be worried short term. If it doesn't then get ready to see .05 to .10 soon.
Even if this goes sub penny again, which I kind of would like so I could pick up a bunch more shares cheap, the long term future of this company is extremely bright, and by long term I mean by spring this should be flying, as in over a dollar by then!
3 PRs in one week? Not a chance IMO. On top of that, as you noted, its a friday, and its a short friday at that. This would litterly be the worst time in the world to release any meaningful PR.
If they actually have a good one, theres no way in hell they would pick tomorrow to release it.
Yea but either way even though they are going through at a higher price there not "real" trades in the sense where you have someone with alot of money that sees the possiablites in this. Again, there just MMs or brokers mostlikely day trading etc...
Not to worry though as the real volume has been great and there has been plenty of big, real trades durning the day. Specially in the AM.
Where did you hear they were going to start the test drills EOM? If thats the case just the annoucement of that, which surely they will PR, would be huge and really make this stock shoot up! We still mostlikely wouldnt get results till early spring but that would be great.
They call it a "MM Shake" when the MMs start a sell off by controlling the bid/ask price so that the stock starts to go down. The "weak hands" get scared and sell off, lowering the price further.
They can do this when the volume drys up, which it does every day at noon, this week at least.
Whats really happening is it's less of a "mm shake" and more of just lack of buy support after lunch combind with overall low volume. There is strong volume and buy support first thing in the morning, this last to around noon. At lunch, the main buyers take off and you are left with mostly day traders and sellers at that point. Before launch you have a good buy to sell ratio, after its a strong sell to buy ration where the sales start to out number the buys.
On top of this, you have low volume after lunch as well, which makes it alot easier of this stock to trend down. Every day this week its traded up before lunch and then way down to the LOD after lunch. This will continue through friday. Hopefully though, this is just mainly due to this being a major holiday week and not a on going trend with this stock.
I had no problem buying KATX with TD, i simply had to phone the order in.... so unless something changed over the past few days, you should be able to do the same....
When are you guys going to learn that "charts" and or "charting" penny stocks is pointless? These stocks are incredibly volatile and don't usually follow set rules, patterns....
How many of you "charters" predicts a 600+ % run a week ago? How many predicted it going down into the .02s and closing in the .02s this week? Let me help you out, NO ONE.
Pretty much all of the chart people on here predicted this to be at least at .05, if not higher. I saw people saying, your self included, any where from .10, to .20 lol. You chart guys are funny.
Let me explain to you guys who do nothing but look at 60 different charts every day. At best, AT BEST, you guys can tell if there is strong buy support and at what levels, you can also tell if there is alot of selling going on and at what levels. You can also pick out the "gaps". You guys might also be able to tell if a stock is going to "spike" soon or "fall off" soon. That is it!
Predicting actual price targets on a penny stock based on charts is laughable at best, and out right lying to people at worst. If you guys ever get a price right, it's by the shear law of averages, and nothing more.
This company like most other penny stocks is drivin by news, facts, and or PRs. You can look at charts all day long and not know when a PR hits if this will shoot up to .20 cents or .02 cents.
Let me explain to you guys why this is not at .05 right now. Let me tell you why your charts failed you this week. It's a holiday week, obviously a short week for the market. But on top of that, its one of the major holiday weeks of the year. Most people have off 4 days this week. Most people are going out of town.... That means overall low volume across the board for the markets. And the buyers that are there leave by mid day.
What we end up with is strong buy support in the morning, with great volume, then it falls completely off along with the volume by noon. It picks back up a little after launch but most of the volume and buy support are gone at this point so it slowly falls down to the LOD as it doesn't have enough buy support to stand on anymore.
This has happened every single day this week, exactly the same way. Most of the people doing the big buying leave by none, leaving only day traders and sellers left. Whic of course means the stock will drop back down. This will continue for the rest of this week. Next week when the volume picks back up, and more importantly, when the buy support sticks around all day instead of just from 9:30 to 12, this still will start to move up again. Specially if good news is released. That being said, no one knows yet if the fall off after lunch this week is due to it being a holiday week or not for sure. That is my guess and this should recover next week, but I am not 100% sure thats the case right now.
I don't consider a down day on a short, holiday week, and the busiest travel week of the year, to be in anyway shape or form a bad thing, nore an unexpected thing. Nore is it a reflection of how this stock will trend over the next few weeks.
That was a form t trade, it wasn't bought after the closed, it was bought eariler in the day, just offically closed after the closing bell thats all.
The past few days there has been big 3+ million buy orders that havent filed till after the close. I belive it's a MM whos simply fliping shares every day. Could be wrong though, not 100% sure. It just seems to weird to see a similar buy order 2 days in a row AH for it not to be day trading.
They have a ton more PRs coming, mostlikely at least 1 or 2 a week. I would expect to see some major infromation in regards to the Handcamp property soon. From my understanding they are just getting started with the news/pr train and that this one was just to wet our mouths. They are going to get better and better and have more and more importan info and hard facts in them as time goes on.
The CEO knows what hes doing and he knows when the time right to release other key information and findings.
Other than a run up monday from the PR, I wasn't expecting any big movements either way this week. Too slow, volume on the market is all but dead due to the holiday. Gotta look till next week for big moves one way or another.
How is it nice to see? It means 100% NOTHING lol. This stock does not trade after hours, like all pink sheets. They could put the number at $15 bucks and it wouldn't mean anything other than the MMs set the spread after the close to 15 bucks.
The price spread once a stock close means nothing and is related to nothing and it implys nothing. The MMs always create a spread after hours where the ASK goes up and the bid goes down.
If you want to get excited about something, this certainly isn't it.
Uhh the Ask always shoots way up after hours once the stock closes for the day. It happens with all stocks. This is NO reflection of any volume or buy interest. Not sure why so many people post that as some kind of "info" on these boards, it's meaningless. Would love to see the Ask hit that during the hours of 9:30 to 3:59 though, that would be great! Think we will hit it pretty easily come next week.
I find it funny that we don't have anyone telling peope to sell or get out UNTILL we have a day when we finish lower. The timing is quite interesting on that. These "chart readers" never show up and tell people to sell at 10 am when this is heading up to the HOD, but oh boy, it starts to go down and suddenly the all-knowing chart readers come out and start forcasting doom and gloom.
There kind of like weathermen, 1/2 the time they don't say it's going to rain till it's already falling.
Also keep in mind, we technically finished at .0367, up another 18% for the day.....
green day? We closed the day before at .06 cents and finished on friday at .067, so yes technically it was "green" if you go by that. But if you look at the day it self, we opened at .085 and closed at .067, that is a nice loss for the day, not a gain.
I never said this was going to go "to the moon" after the earnings came out. I expected this to go up nicely, that is all. I said many times before friday that I really had no idea how high it would go on that day, and that "the only question is not if it will go up, but how much". My range was anyware from .15 cents to .50 cents.
Lets see what I was correct about:
I stated:
I expect the 3rd quater numbers to be good to great, that the combind sales from CSD should greatly increase the revenues for this company.
Outcome: 100% correct sales up 23,000%
I was one of the only people on here predicting a profit on this earnings report, and was laughed at by many saying it was going to be "impossiable" for a profit on the 3rd quater, maybe 4th at earlist. Your self included belived they werent going to show a profit on this earnings...
Outcome: They made a small net profit, again 100% correct
I predicted a nice PR to hit sometime around 9 am on friday detailing the massive gains and net profit... I don't really count this one as it was pretty much a given though.
Outcome: They released a PR at 9 am detailing everything I said above..... 100% correct, though not count this one.
As far as how much this would shoot up, all I ever said was the possiablity was there for this to shoot up nicely, I never said nore cliamed that it WOULD do this. Yes I thought like most others on here that it would go up a lot, but i never said it would, I actually said over and over again that anything was possiable.
I have been correct so far about everything I have said with this stock.
What I have on the table right now is I belive this will fall back to the 3 cent area as the MMs will crush this back down. Will just have to wait till next week to see if this one is correct too.
Again, your theory of "dilution" holding this back has no grounds what so ever to stand on and is not based at all on the facts at hand. Dilution doesn't keep the MMs from keeping the ASK at the same price while huge volume buy orders come in, and it doesn't force a stock that should be rallying back down for a loss on the day. On top of that 47 million shares O/S is hardly dilution. End of story ok?
I don't blame anyone for staying in, or for getting out at this point. If you have one foot in and one foot out, that is totally fine, nothing wrong with that.
I sold for 2 main reasons. I am 99.999% sure the MMs will crush this back down to .03ish levels. And my converted shares price was .10 cents, like most people here. So if i know this is going to go back down to those levels then it makes no sense for me to stay in when my price per share is 10 cents. Not only can I buy far more shares with my money when it drops down, but I also plan to add to my investment and spend more money on even more at those levels.
For me, it made no sense to stay in and let my shares stay at .10.
Completely, utterly WRONG!
Why are people "crying" about MM manipulation ? Because there was MM manipulation! Your whole "theory" of this going down because of "day trading" is quite laughable when you consider that we started out the day with a 4 to 1 buy to sale ratio and finished the day with over 1 million more buys than sales. Sure profit taking can keep a stock down, so can day trading...... just NOT when there is MASSIVE buy support all day long. Since there was FAR more buying than selling, your whole theory about people just "flipping" it keeping it down goes stright out the window.
I sat there and watched the trades come through and we had a run where there was 200k+ buys and about 30-50k in sales. And guess what, not only did the price not go up with all those buys, the ASK didn't even move up. See its a big problem when you have a massive number of buys and the MMs don't move the ASK up even one tenth of a penny!
But wait, it gets even better, a tiny itsy bitsy little sell order of 7k is some how enough to drop the price down almost a full penny!
And let me be clear about this, the buys and sales where not mixed together. When this happened, there were about 15 to 20 stright buys in a row! And one or two sales. 15 or 20 buys totaling 100ks worth of shares, and this wasn't even enough to get the ASK to move up a tiny bit? But a 7k sell is some how enough to drop the price by almost a full penny.......
And this happened all day long till around 1 pm. Over and over again, tons of big buy orders in a row with only one or two tiny little sale orders, the buys were at most only moving the price up .002 to .004, while the sales would drop us 1 to 1.5 cents.
Next week should be interesting.
The OS had nothing to do with why this stock didn't go up lol. An OS of 47 million is nothing! Specially for a company like this. There are companies with O/Ses of 700 million that easily go up 30 or 40 cents with out any problems. Yes the 0/S is 47 mil, but the float is only around 22 million. Again, DILUTION had NOTHING to do with why this didn't go up.
Also, while "dilution" might hold down how far it could run, it has NOTHING to do with how it trades. It might put a cap on how high it goes, but it doesn't keep the ASK from going up even though you have over 100k in buys and only 1 or 2 tiny sales of 5k or 7k. "Dilution" doesn't force a stock back down from 12 cents all the way to 6 cents for a loss on a day when this company had the best earnings in its history.
Common man, use some sense here.
you have NO IDEA what in the hell your talking about. It wasn't "low volume consolidation" today, it was pure MM control.
6 million shares traded is not "low volume" but the highest volume this stock has seen! We also had a million more buy orders than sell orders today, there was insane buy support for this stock today. It should have easily and would easily been at .25 to .35 cents today if the MMs didn't control the stock all day long and rape us all.
What the MMs did today was completely illegal, pure control, and is sickining. I have never seen this level of control before on a stock. I have seen plenty of stocks be controled by MMs before, but they even let it run when good news came. They often took it back down after a day or town, or triggered stop loss sale triggers, but they never held it down when the buys out numbereed the sales by this margin, nore when news this big hit.
This was the best news this company has seen thus far in it's whole life and we can't go up and stay up for more than an hour before we get safted back down? Hell even in aug when the 2nd quater numbers hit we went up to was is the same amount as .25 roughly. And we can't even bust out past .12, aka .0022.
Well guys, i sold today, I took a $1000 dollar lost and got the hell out. I didn't sell because I don't belive in the company, I totally do and expect them to be kicking ass again next quater when the 4th q earnings hit in feb, but I can't let my money sit around while the MMs control it to this level. I can make money in plently of other stocks instead of letting it lose all value sitting in here.
Short term this is going to be insanely rough for this company IMO. Specially since next week is a short trading week. The MMs will knock this all the way back down to the 3s next week. Who knows how low it will go after that.
I will how ever be keeping a close eye on it. And if it appears to find a bottom, i will be getting back in it as I do fully belive in this company. I will also be looking to get back in if nothing else right before the earnings in feb. But theres no way I can risk staying in this company for that long when the MM control is this bad and there might be limited news coming out inbetween then.
If this drops to .03, .02 or .01 I could get 1x, 2x, 3x or more the number of shares I had before. And thats just counting my ARTS money. I fully plan to reinvest in ARTS, and get far more shares next time. But exactly when that will be will determan on what happens to the PPS and what it's new bottom will be.
Good luck to all of you still in it, I will still be chatting on here from time to time and will look forward to rejoining you guys in a few weeks to months!
They increased as the company was growing... this is completely normal. They then reduced them by almost 1000% with their R/S lol you have no ground to stand on, your going down with captim jims ship!
Springroll and Captin Jim, BFFs forever on the "dilute" train! LOL This is the best the MMs can afford to buy? HAHAHAHAHAH
There hasn't been any "dilution" you paid basher, the 47 million count is spot on where it should be. After the R/S it technically was around 22 million, but no one took into account the other 22 million or so in restricted shares they had.
This is being scammed to death by the MMs. 48k buy order, only raises us .003 LOL. Then right after that a tiny 15k sell order takes us down almost a penny! LOL
If the MMs would not be praticing illegal trading on this, it would be at .30 right now easy.....
him and springroll are paid MM bashers. Need to report both of them as well as the MMs to the SEC today.
24 buy orders for around 200k, 1 sell order for 6000 shares.....
And we can't go up even 1 penny on that kind of buy support.
MM control at it's best! Simple as that.
wow nice, MM control has won, took us all the back down to open, even though we have had 3 to 1 buys vs sales and 3 million in volume by 10 am.
I give up, you can't win when the MMs do nothing but illegal control all day long. This stock should already be over 20 cnets with the volume and number of buys today. Time to report these poses to the SEC!
new? UHH no, I do this for a living you fool. This is by far the worst control I have ever seen, specially with the insane volume we have, going to hit 3 million shares traded before 10 am and they still hold us back.
1000% illegal!
SO 100k in buys isnt enough to move us up, but 7k in sales drops us a penny and a 1/2 RIGHT AWAY.
This is the worst MM control I have ever seen on a stock in all the years I have been trading!
Call the SEC guys and report the MMs controlling this stock completely unnaturally! We should be at .20 right now already! Now we are having massive buys and no sales and they still drop the ask! Total BS!
nice .11! and we have already reached almost 2 million in volume and its not even (:45 yet!
130,000 in buys and we dont move up, then 1 tiny sell order of 20k hits and we drop .0025. Nice! totally fair there!
bull shit MM control, all it is, we should be at 15 cents RIGHT NOW. 600k buys, 100k sales, massive buy blocks of 25k, 50k, and 75k, and the ask has never changed from .085!!!!
On top of that, one tinly sell order was enough to drop us down to .08, even though we have had 6 time the buy orders!
460k buys to 50k sales and we can't move up at all, we should already have moved up to 13 cents! I am going to send the SEC a complante if this keeps up, totaly BS!
Oh yea, and the ask hasnt ever moved from 8.5! What MM control, this is such BS, they are holding us down AGAIN!
WOW 100% buys and we still can't go up even .10 of a cent? MMs illegally controlling us again! WTF!
Looks like we will be opening at .09 this morning guys, the MMs just set it! Going to be a fun day, everyone hold on to your butts!
showing 7.5/9 here but still looking great :D
The way this is set up we could see .15 in the first 10 min lol.
Man I so called this, right on time too, I was expecting them to release their PR today around 8:30 to 9 am, heh and boy, they covered everything I was expecting in the PR too. It looks 100% how I expecting it to look, compete with teh "23,000%" increase in revenue figure and net profit annoucement.
=) good stuff, ok, lets all make some money today! GLTA!
I kind of expected this and talked about this quite a bit leading up to today. Rember all those times I talked about the possablity of them showing a profit, and massive revneues increase on here? I pretty much called this spot on.
Though I listed this as the "high" end of the scale and didn't see these types of numbers as the "likely" type we would see on the 10Q. I many times said that I wouldn't be surprised if they showed a profit. I found it far more likely they would cut their expenses and show a massive increase in revenue though :P
Good stuff, see you guys in the AM, going to be a fun day tomorrow! GLTA!
Yea thats going to look sooooooooo sexy in a PR first thing tomorrow morning!