Hello my name is Tom
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Positives summary for KGKG:
* Trading above the 50 day moving average and 200 day moving average (the bulls live above this zone)
* Nice LONG flat base which is good price cause or energy for a subsequent move up
* Huge inverse head and shoulders pattern structure in KGKG similar to the one POTN had which lead to a price move from .01 to .07
* Marketable products gaining traction and visibility in a hyper growth market
* WEEKLY chart and RSI structure is poised for breakout zone above 70.
RSI has been holding ABOVE 50 zone on daily AND weekly chart. The bulls live above 50 RSI
Yes the chart is a thing of beauty. I suggest everyone do a close examination of the POTN price chart going back 6 months to a year and then do the same examination of KGKG and you will find that they are both almost a perfect symmetry.
They are also both in the consumables MJ business. Remember the great trader Jesse Livermoore identified stocks within groups that moved alike. They move together like a herd of animals and KGKG appears to be almost ready to follow the leader POTN type of move.
And finally it is worth mentioning that national pot day is on the horizon, APRIL 20th, 2017 (4/20). While subjective this is a potential forward datewise catalyst to run into. Would not be surprised at all to see KGKG run right into 4/20 along with many other MJ stocks.
Am I the only one who has noticed here that CANN skyrocketed in 2016 from the period March 29th, 2016 until April 20th, 2016 for a total of 380%
This is interesting because April 20th is National POT day. The price skyrocketed right up into that date.
If we do that AGAIN from current price levels CANN will be at TEN DOLLARS by April 20th, 2017.
I had a decent size bid in KGKG on Friday from noon onwards at .009 and only gold filled with a tiny fraction of it. Tells me is that there are close to no available sellers just under .01
Thats a pretty damn good sign going into next week. No shares available under .01 so that means only one thing, Breakout Above .01
KGkG looks like it is poised to gap up Mondays trading and then run UP for 5 consecutive days.
The alternative scenario is a small selloff or even a mini shake down Monday until noon time . But then a full reversal higher up and though .01
there is probably a huge army of traders waiting to buy on a sustained move above .01, should trigger a huge load of buy stops soon IMO
KGKG seems like it is very close to blasting above .01 penny land.
been hovering under .01 since the start of the year, seems like pressure is building in this pressure cooker....
This could hit .002 very quickly again, like in a couple days as before. I think news is coming soon.
I don't have an answer to that question other than to say that this is a bit of a 'chicken and egg' problem. Which came first ?
Company about to enter phase 2 campaign this summer, and yes it will cost some $, but just like in biotech stocks it is all about the possible forward looking potential. It is worth it to outlay the cost in $ if there is a billion dollars in gold in the ground.
So yes some dilution here and there, but in the meantime they will define resources and maybe hit the big time. Just the potential is enough to spike up the share price.
Shareholders are forgiving of a company spending $ if they know it will lead to some productive action and eventually a worthwhile result.
So bottom line is that we need to see some sign of life and updates at some point.
38 MILLLION total on the bid at .0005
and 3.4 Million on the ask at .0006
5 months to explore and define resources going into August 2017... then a 43-101
Hold till August 2017 and the 43-101
there is going to be a PR soon and it is going to talk about their phase II campaign going into August 2017
that should be enough to put us back up to .005 for starters
it is a forward looking event and is the expected completion date of defining resources
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129597755
GLLK will move higher into SEPTEMBER 2017
"They will come for them"
you mean .10 ? lol
Sub penny gold mining stock at the ground floor GLLK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129597755
Will move up into forward looking event of September 2017
Discover and learn the story of GLLK.
Sub penny gold mining stock about to break ground.
43-101 is the plan, and prospecting and drilling to be completed in September 2017.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=12959775
Possibly a HUGE gold mining story here.
GLLK is a buy and hold until September 2017 in my opinion.
The term of the agreement will extend until the planned work is completed, which is estimated to be on or around August 31, 2017.
I must admit it is tempting to go all in on this GLLK.
Seems to have everything going for it... Ground floor, forward looking event with eventual clear visibility.. a gold price that has based out and is preparing to skyrocket going into end of 2017.
It is not every day that you get to buy a gold stock with triple zeros sitting on potentially billions in gold lol
I think the 'forward looking event' that GLLK will move up into and towards is September 2017.
don't worry you will get your .09 in September 2017 :)
Rome was not built in one day....
the price action recently was very solid because the retracement from the .002 high back down to .0004 was a 88.6% Fibonacci retracement which is a very powerful retracement pinning the low.
Plus, it is not at all uncommon for stocks to do close to 100% retracements after extended bear market action.
The .886 retrace is very powerful as a final low in GLLK
the price action recently was very solid because the retracement from the .002 high back down to .0004 was a 88.6% Fibonacci retracement which is a very powerful retracement pinning the low.
Plus, it is not at all uncommon for stocks to do close to 100% retracements after extended bear market action.
The .886 retrace is very powerful as a final low in GLLK
dammit, I was going to buy another boatload at .0005s, I missed the boat lol
Hey man, I have been following your posts quite a bit. Just wanted to give you a heads up on GLL* a gold sub penny mining play.
If you are interested, start doing some DD on it :)
From GLLK's recent 10Q filing:
"We intend to complete the exploration work on the Big Monty Claims. Exploration work on the Big Monty Claims is anticipated to
begin in March 2017,
or as soon thereafter as the weather permits."
The bottom line is that it looks like they are about to get the ball rolling and start to scope out their claims which at some point in the future would lead to a drilling program and 43-101 Mining report (https://en.wikipedia.org/wiki/National_Instrument_43-101).
In 2008, another mining stock I was following SRSR started doing the same thing see my other posting http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129956272
In studying the price chart of GLLK I was trying to determine a gold price correlation. I was surprised to find that there actually is a decent gold price correlation and this is good news once gold starts to skyrocket upwards.
It is not a perfect correlation by any means, but it is good news once gold starts up.
GLLK reminds me of SRSR a little bit also.
I believe SRSR had about 750,000,000 shares outstanding.
I remember that what started the RUN in SRSR was the ground breaking and path towards getting a 43-101 filed.
The run in the stock started way before anything really substantial was to come about in the exploration etc.
The stock was at rock bottom lows .0003
It went from .0003 to .0145, then built a shelf and went from .008 to .08, quite an amazing run.
A year later it went to .20 after a new base was built.
I am thinking GLLK gets back up to .002 just on the initial "news" (whether actually released or not) that they are breaking ground and starting exploring campaign, identifying drill targets etc.
Then I see .01 to .05 just on the anticipation of the NI 43-101 report being filed.
I remember Franklin mining FMNJ in 2006 went from .0008 to .15 cents and it had a similar huge huge share structure. But it was at the right place and the right time and needless to say gold price was surging.
FMNJ returned 22059% or a 220x bagger if one had bought at the lows...
Maybe the same is in store for GLLK :)
nobody is informed or knows yet and barely any of IHUB knows
100% move today UP and that is just for starters in my opinion
boooooooooooooom
three MM's at .10 on the ask !!!!!!
BOMBSHELL positive revenue news for POTN today wow....
Maybe hits .10 in just one day
other MJ stocks are all about hope and promises, but POTN is getting it done bigtime
Very nice potn wants to break above .05
no problem, I thought no one was reading my other board posts
POTN has a history of making MEGA moves and I am not talking pennies, more like DOLLARS