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I'll worry about no news in March or April if that materializes. Not even something to contemplate at this time. Like I've said before, I'm in this for the LONG haul, and the only thing right now that would really shake me would be if Thompson started selling his personal holdings off.
We aren't over due for news. Nobody connected with the company said there would be any news in January or February. Everything looks right on schedule.
There is downside, no doubt. There is still alot of research to do. Any of that could turn up sour. Not being a scientist, I can't enumerate, but there are still tons of questions to be asked in the lab, I'm certain of that.
I know you're just baiting us, but I'll take bets it hits 8 before 5. I'll take bets you never see 5s again.
It's this kind of thing that makes me feel confident that Thompson doesn't get out before gen3 is significantly developed, both in the lab and on the market. The money in gen3 could be staggering, and for him to get out before he can capitalize on it would be leaving way too much on the table. That's why I can't envision a sell out before 3 years or so. There could be a nice price move in the near future, but the BIG money is still way down the road. This will take patience. I know many will jump on profit taking as it comes, but I BELIEVE (I want to re-iterate that word), I BELIEVE that many will leave alot on the table moving too soon to secure profits. I don't even feel like I'm being greedy, I just feel like this is the way to play it and maximize it. I wouldn't be looking for a merger or buy out in the next 24 months. I feel JV is the optimum strategy at this point.
JMHO, could be wrong. I hope not.
If there is alot of shorts right now, they're working on getting the price to a point they need today. There is an increase in volume and an effort to push the price down.
One more post today, and then I have to get to work.
I don't want to belabor the point, but I have made the statement a number of times that in ten years you could see 50000 shares of this turn into a million dollars. There are many ways this could happen, for example....
If Dupont were to buy KBLB out, say in 3 years, if you were to get 5000 shares of Dupont for your 50000 shares of KBLB, and then you reinvest dividends, maybe get a split, and now you have 12,500 DD, if that were to get to $80, there's your million dollars. Just one way, but that's what I mean. I don't think you have to be so literal as to think you'll have 50000 KBLB at $20 in 10 years, though that could happen also, maybe. Maybe it is a pipe dream, but weirder things have happened, and frankly, I have alot of confidence in this investment. Right now, to get 1 DD for 10 KBLB, we'd have to be at about $5. Is there a chance KBLB could be at $5 in 3 years? That's the kind of questions I ask myself all the time about this investment.
Thanks again.
Thanks for your feedback. I hope I don't come across as having issues with anybodies trading strategy. That's not the point I'm ever trying to make. What usually bothers me is when somebody comes in with a trading strategy that doesn't work for this particular stock, and then tells us that the stock is a dog because it doesn't fit their criteria. I have no problem with buying and flipping, but there are some issues that are conducive to that, and others that aren't. At present, this one isn't, but that doesn't mean this stock is a dog. It's that discussion that usually gets me headed for the keyboard.
Thanks for everything. I know you hear it quite a bit, but you are doing a great job here, and because of the time and effort you're putting into this, I hope you will be well rewarded.
Just one more question. What "feel good" releases are you referring to? Ed wants feel good releases for motivation to stay in and can't get them. You're getting out because of alarming feel good releases. I'm just wondering if we're all talking about the same company here.
Well played.
Truly the only naysayers that have shown up are those saying "where's the big money already" and "why aren't you telling me where my big money is already?". Nobody has come up with any DD that says there are any problems.
Another thing is that Thompson has said that quiet is good. Wouldn't that mean that if he started putting out a bunch of PRs that it would maybe mean the con is on? The only thing I can see making people jumpy is that they haven't had their personal bag of gold delivered yet. The whole thing is playing out as Thompson has said it will.
I agree, people can do with their money what they like. But questioning this investment on the bases that are being used just doesn't make sense to me. Nothing has happened that Thompson said wouldn't happen. He never said there was going to be some great announcement in January or February. You have people on here speculating on dates and numbers, and then taking them to heart. I honestly feel bad for them as I have a good deal of confidence in this investment and have the attitude the more the merrier.
Absolutely we're talking years. Many years. But what if it took 5 years to go from 8 cents to 80 cents? Would that be acceptable return?
The internet has really changed the way people look at investments, for the simple fact they can LOOK at them all day long. Still the best way is to buy it and hide it away. It's been working for a century, and God willing that the good ole USA remains a healthy country, it should work for another century.
Did you get out because your DD pointed you out, or did you just lose patience?
I think if you look over the last 300 posts or so you won't find too many posters predicting short term prices like that. Usually the one's that are predicting a bump have said it will come after solid news comes out, and mostly just hoping that news will be sooner than later. One poster in particular has made statements that tomorrow it will be this or that, and his name starts with an "e".
LOL!!!
You're a lucky man because i know many a man who can't.
That's a fair comment. Usually no news does mean questions. However, in this situation, the lack of news has been explained to us, so the big question is......Do you trust Thompson?. You either do or you don't, and that's fair to consider.
I don't think Buffet's statement should be taken so literally. I think the point is that if you like the company, invest in it and let it do it's thing. Of course you have to sell to make a profit.
Well, you miss the point. Now you're new investment strategy is to sell for 7.7 and buy back for 10.
Again, good luck.
Hopefully whatever you do with the money gets you a 40% return because that's the difference between what you've just sold for and what you're suggesting you'll buy back in at. If you're able to find something that gets you 40% in that time frame, stick with it and forget KBLB forever.
Ed, you don't seem to see the difference between investing and gambling. Gambling is all about timing. That seems to be the tack you're taking here.
A man named Warren Buffet once said, "Buy good companies and hold........forever". He's basically saying that if you're holding a good company, don't worry about the fluctuations or the news cycles. Just trust your investment.
I don't know who you are, but I can say pretty safely that Warren Buffet is much more successful at this than I am anyway.
I don't know what state you live in, but where I live, you can play blackjack 24/7. It seems that's the kind of action you need to keep you interested.
Just before 1pm EST, somebody bought 50,000 at the ask. That is a nice, solid purchase by somebody that will probably hold with strong hands. That's the kind of action we want to see on this stock, but nobody even makes mention of it. When this thing starts moving, there are going to be flippers and manipulators by the pound, and a large majority of the people on this board are going to get all excited about the action. I can see alot of people on this board getting hurt by this stock, and never realizing the potential that's just sitting right here at their fingertips. And I can already see those people blaming Thompson because he wouldn't communicate, or wouldn't sell to Dupont on October 1.
You will lose money chasing penny stocks. Guaranteed. Just like every other company, even if the stock is selling for pennies, if you're going to invest in it, you do your DD, decide what you're willing to risk, make your purchase, and see if your DD was sound. It's no different than investing in MSFT. I can already hear people saying "this a-hole isn't going to tell me how to invest". Fine, good luck.
Patience, patience, patience.
I'm not a doctor either, but I know that some things just take time. As long as you understand why they take time, then it makes it tolerable. If there is no excuse, then it's time to get jumpy.
Nobody else will take 7.7 cents per share either, therefore, no trades in the past hour. Until somebody raises their bid, or accepts 7.7 cents, we sit here. That's how it works. You should be greatful nobody will accept 7.7 cents. At least you know the market value of your shares are more than that.
You could put an end to that and get 7.7 cents per share right now.
It would be interesting to know when those short orders were placed. If they were placed late in the day, they would have been in reaction to price movement, and that would strongly support the idea that it is just one player selling off his holding, or a portion thereof. If it was earlier, before the large sales, it would support any ideas that they knew the seller was coming. This really looks like a single, private investor just sold his position. I'm almost certain that was it, which would mean we're really not looking at manipulation as much as we're looking at short sellers trying to time jumping in. I really think this is done and we'll be ticking back up from here.
I can understand that somebody just watching the pps getting nervous during something like that. But when you looked at the big picture, it was understandable what was happening. We just lost 25% of our value, but it was over about 2 1/2 hours of trading, and it wasn't a flood of volume. I'd still put my money down that it was one player, and a scheduled sale isn't an unreasonable observation.
Aren't these penny stocks fun?
Looks like to me who ever was getting out is done. Price is stabalizing and volume is dropping. I think we start from here.
If you're watching this on a day to day basis, it's a tough one, I understand that. But unless some insider is involved, action like this in a penny stock can happen with just one itchy finger. One guy gets bored and he can stink the whole place up. Once he's flushed out, it's back to where we were. It's not like there's a whisper out there that revenues will be down (I know, bad joke). Anybody with a signicant holding that may have any real access to bad news before the rest of the public, would have moved alot more shares than that. If we have a bad day tomorrow with 5,000,000 shares traded, we'll renew this discussion and really give Thompson an earful.
I'd bet one investor with 750,000 shares give or take did most the damage. Just my opinion, but that's what it looks like from the volume flow for the day. Probably sold for reasons having nothing to do with the stock itself.
Hardly a run on the stock. Of course, just my opinion, but i'd bet we're back to the same old pattern tomorrow, with a bit of a bent towards the upside due to the lower price. We'll see, but if this action today made anybody nervous, for their own good, they really need to re-assess their investment strategies. Again, just my opinion, but I doubt very much this was a domino effect, one guy selling 25,000 followed by another and another. Just doesn't look like it.
No kidding. Sky is falling!!!!
It's not like it was a 50 million share sell off. People sell in front of news all the time.
Wow. There are a number of people on this board that should just buy Exxon and Microsoft and take it easy on themselves.
You're doing an outstanding job. Everybody knows it's not your fault the pps dropped today, at least I hope they know.
Maybe he has other things going on in his life.
I've come on here and spouted numbers like $20 a share in 10 years and a buck sometime in 2011, and have never supported my thinking. I will try to give you all a little view of where I'm coming from, at least long term.
The key word from the post I'm responding to is "testing". Gen2 and Gen3 will take extensive, and EXPENSIVE, testing. This will totally be the key to how much us REALLY LONG holders will ultimately make on this investment. The agreements Mr. Thompson puts together for this purpose will be all important. He either puts together favorable deals where the partner puts up a huge chunk for these purposes, or Mr. Thompson starts taking some of those 9.5 billion shares off the shelf to pay for it. The dilution that is done in 2012 and 2013 for testing expenses will determine the ultimate price we will get per share. We'll either split the big money up a billion ways, or split it up 5 billion ways. As I've said before, this long term investment comes down to your confidence in the CEO, and how he handles this part of the program. People looking for $2 per share will have to wait until 2013 to see how the financing for the all important testing of Gen2 and Gen3 is done. If done economically by Mr. Thompson, $2 should be there during that year, and if those tests go according to plan, $20 in 10 years has to be considered a slam dunk.
As long as dilution doesn't take place for basic operating expenses, we should be fine, and there hasn't been any indication anything like that will happen, at least short term. The dilution will take place during the Gen2 and Gen3 testing phases, and then to what degree is all important.
I understand the duck analogy, but not sure what point your making with it here.
Sounds like he's just trying to get filled anywhere, and can't.
I don't think MMs use that kind of volume to move prices. I could be wrong, but usually don't they move things with 2500 and smaller share trades? It's like the Chinese army right now. Blow a bunch of them up, and there's a bunch more right behind them.
I agree that it looks like a good thing, but damned if I can figure it out.
Again, all the large trades are hitting the ask. There are always sellers ready though. They just can't push it through. Are the MMs getting out at 9? Very strange.
That would mean Thompson would get out of this with $600 million and whatever Dupont stock. Do you really think he will walk out of this at that number? You have to think he's thinking much bigger than that, wouldn't you? 5X, 10X? If this is what we think it is, what we are hyping it to be, he's gotta be looking at a couple billion. Am I wrong?
When Carnagie cornered the steel market in the 1890's, forming his steel trust which ultimately became US Steel (X), he amassed about $300 million during that decade. That's about $7.5 billion in today's dollars. Is this situation really any different? We are hoping to corner a market for what might be a very short period of time, but corner it all the same, with a product that has a myriad of uses, just as steel had at that time. We're not doing it through production, as Carnagie did, we are doing it through licensing, but it's still relatively comparable.
I hope some of the real holders that were here 18-24 months ago are still out there. I've sat here for a year now waiting for the Chinese situation to come to fruition, and now it has. I had as many as 60,000 shares at one time, and held on to 30,000 just in case. It looks as though this company will ultimately make it's mark.
There have been 150,000 shares traded in the past 20-30 minutes, all have hit the ask.
It feels like there is an ever so slight bit of upward pressure building. I don't know what L2 looks like, or what tech resistance is on the upside, but the trading, though light and side ways the past couple weeks, just looks ever so slightly bullish. It seems like the larger trades tend to be on the ask. Unfortunately, there always seems to be a seller available.