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I understand that. You cannot sell until they are actually in the account. Either way it is not in my plans to do so. After this is over I will have in excess of 722K shares and am looking to being in the Katx millionaire club soon!
Been there and done that. I had 50k and rolled it for a few years with 0% interest. Thing is it now cost 3-5% to roll it and the great deals are hard to find even if you have good credit and they can change the terms on you. I paid off the 50K and will never do that again. Just too much stress and with this tenuous economy and the possibility that things do not work out as we expect or are delayed you could put yourself behind the eight ball. That wife sounds pretty scaryu also. Best to only risk what you can afford to lose.
1) You cannot sell what is not actually in your account
2) You have to wait 6 months anyway since the free shares are restricted.
Don't be surprised if it takes a few weeks to get the shares posted in your account. A company I owned was bought by Google and it took a few weeks. I suspect this being a smaller stock it could even take longer. Either way holding to see what happens between now and the time we can sell them. We should at least have some results in another 1-3 weeks. I do think we get some movement in KATX. Since most shares will be restricted I see us going up as a proxy for BVIG. Also, it will instill more confidence.
I'm a KATX fan, but the chances of that happening are very small. It would have to be the largest find ever to produce that kind of results. You have to figure the finds will be sold or JV and we will get a cut. I think most folks would be thrilled with one of the stocks hitting $2-3 and if both hit over joyed. I sure would not complain and would be much better off than what I started with. Either way we cannot cash out on the gold properties until next year unless you own it directly and on the copper properties we are still waiting to drill some this year. So it will take time and patience which is hard to come by on pinkie and BB stocks. GL to us all and may we hit the mother lodes!
None at .15 I can sell you, I will let you have 100k shares at $1.50, but only today!
Today's action makes no common sense unless you assume MM's want to hold it down to cover.
I expect they bought up a large inventory to sell to keep the price down.
Very odd that the MM's are able to hold this down. I really do not know who in their right mind would be selling this week. Maybe the MM's still trying to unload their short positions and holding it down so they can cover. Either way as we get closer to the cut off date and Hardcamp news then they will not be able to hold KATX back!
Yes, you beat me to the punch. The thing I look for on these is are they compensated as that is a sign of possible pump and dumping. So, far I have NEVER SEEN any compensated information put out. Ken is doing it the right way!
Yes, looking very good. Heading out of town again so I expect you to have it up to .30 next week Jack.
LOL
Steve
I'll let you guess what MD is and no it is not medical doctor!
protrader- I'm 55 and have seen the Bunker Hunt Silver run up to $50. It seems gold has a good few years every 10-15 years and has died down after things stabilized. No sure what happens this time. Even at 55 I have never seen a mess like this one including the Carter years.
Said nothing about selling. Just stating a fact. Everyone must have their own buy and sell points. My plans are to sell some along the way and pay off the house and be debt free, but that will not be until it reaches a certain level. The rest is to help with retirement. Thing is with this economy we tetter behind massive inflation on one side and gold soaring to massive deflation and you can't give anything away. I wish I had a crystal ball which said which way we go. At best we get a stagflation like the 70's. I never thought I would say that! These are scary times not seen since the 30's.
Nice, but remember it is all on paper and does not mean much until you sell. Nice to dream though. Just don't spend it until it is in your hands! Sure is nice to be back to showing a profit.
results 2 1\2 -4 weeks most likely. Just be patient they will come. Stay long and don't flip or you may miss out on a huge run!
Thing is no one knows how the shares of the new company will be priced once the share count is increased and if the drilling shows positive and a JV signed or other news. It really is pure speculation at this point. I'm just real happy to get those free shares and hope it is .70 or more after 6 months as that would be outstanding with my 144K+ shares. Time will tell and we just have to be patient and trust the Steads. IMHO they have done a great job at doing what they said they would do. I wonder if the other gold property will have the same 1:4 distribution?
I agree 100%, but many will sell into the 16th. They will look at then shorting us most likely feeling that many will sell after they get the free shares. They will then buy back after that into the results and may sell before they come out. They look for the short term hits and try to avoid the risk of possible adverse news and go by the bird in the hand rule more than what we may feel is the smart way to go. AS long as they do not manipulate, lie and distort then I'm Ok with it. Problem is we have many traders that IMHO will do anything to get a lower price and have no morals.
Some here do not care about the free shares. All they care about is the trade and making a few hundred bucks here and there. Their timeline is daily and not 6-60 months.
Stalled as shorts try and find an exit and cannot find sellers. Too bad Gump.
We are very good!
I was not here at that point and yes a small amount from a ballsy player could controll back then, but more costly now to do the same. Yes, using the FINRA #'s as the only source and if they have to cover every 3 days then 30 days does not help you. I feel the SEC should force all short sales to be real time just like all long trades. Why should they get to hide their intentions under a cloak of darkness?
Traders and MM are pretty much controlling the trading here it seems, which is depressing for longs like me that have averaged up from .09 as they felt more confident in the company. Still fundamentals take over once income is being produced, but that is down the road quite a bit. At this point speculation and news not already discounted can move us up along with getting the restricted shares. Any lull in the action will bring out those touting the 50MA where they are sitting waiting to buy. Funny how charts seem to fulfill themselves.(chicken or the egg?)
The short cover is 3 days now so what used to be down in 3 weeks is just shortened. Off course if they cannot walk it down and news hits then they are screwed. GL to all longs and the Steads, who IMHO have doen a good job so far.
I doubt any one trader had that big of a position, but it would not surprise me if a group coordinated their trades at all. Usually a be run out of the norm is a short set up. They short at the top and then bash hard to drive down the price. Even now as of 7/2 the short was 60% of the shares traded. I expect the same garbage of drivinn it down and covering as the day goes on. THis hase been the pattern. It maybe hard to stop if it is a coordinated group and they can take positions with small trades to move the stock as has been documented with sellers being the smaller side of the trade and yet the stock decline. It could also be the MM trading their own account. The only way we can stop it for sure is to squeeze them and force the price up and make them cover. Hopefully, some news soon or the BVIG shares will force the issue soon and the games can at least take a temp. halt. JMHO
We do not know what the BVIG shares will trade for once the change is made. If you believe the decrease from .25 to .12 was partially due to the moving of Hardcamp then it could be value at between .05-.10. If you believe that with few tradeable shares and pending news it will stay where it is or go up you are right, but since few own those shares it will not matter to most. To me it is money in a piggy bank I cannot break for 6 months or so. By then we have a very good idea what it maybe worth and maybe a JV. All speculation at this point. Patience.
So then sell on the 15th if you wish to trade or just give it time and let it grow as things develop. You have to decide if you are an investor or daytrader and what your time frame and risk tolerance is.
Hard to know where BVIG\KATG goes. Since there will not be many unrestricted share it could go up nicely on good news with drill results. Off course we have no idea what the opening price will be. For all we know it could be anywhere between .05-.50. I suspect that if the drilling is successful the do more drilling and feasibility studies. It would be years before it becomes a producing mine.
The only problem there is what Goldman Scahs and a few other flash traders are doing. They are connected diretly to the NYSE and see every trade and can walk infront of it and therefore beat you every time. Why? Becuse they spent multi millions on the 'Beasts" computer that is faster than anything out there. Goldman is so tied into this and the previous adm. that no one touches them. Most key ecomonic positions are all old GS people. The Flash Crash was caused by the same computers as they kept selling the market down ahead of other and hitting stops until there were none. They know this, but will not admit it to the public and call it fat fingers. The integrity of the whole system is questionable since even the beast cannot forecast disasters, terrorism and defaults by nations. Flash trading now makes up the majority of trades. When you do billions of trades daily a half a penny adds up. Think about it we all lost 40%+- during the market meltdown. How did GS make 30 billion and never have a loosing trade in a year?
Yes and no. I suspect going into the divy they will get out and allow and maybe even pump up the price and then short right on by the 16th since they probably do not care about the divy shares and only the short term hit and run trade. Any lull in the action between expected news allows them to play and that is why mgt. should not get into a pattern and maybe check the short before releasing news. Nothing like burning the shorts a few times to get them to stop targeting your company for games.JMHO
Look at this
20100701|KATX|1724805|4064584|O 42% is short and that is a large amount of the trades and the reason you are seeing this .02 move lately. Notice how they knock it down usually before 1 and then it builds back up but not to the days high. They are playing short and cover daily. Could be some of the MM passing it back and forth to get around the 3 day rule. Selling it down you can be assured is deliberate to cover. JMHO
Fine with me let something big happen and have them chase it or be left out. They deserve it. I hope there are a ton of shorts at that time also so we blow through .30!
Short up. We need some news to squeeze these crooks! If you do not sell they cannot bring down the price. If they do then you know it is an organized walk down, which is illegal, but the SEC is inept so the chances of anything happening is slight and none. Heck if they can ignore GS front running every trade with their super computers and do nothing how can we expect help?
Why bash a stock you do not own? Obviously, to cause discontent and confusion and shake the tree so you can buy in lower and sell high. This is what flippers and day traders do. Again. don't be surprised if this is not organized with a group tading place walking this down and and up and then taking a short and then walking it down. The daily short is very high still and has been growing. This puts downward pressure on the stock and they will not stop pounding it until it reaches their price point. Many longs that also flip are just helping their cause. If you need to lighten up just sell and take profits. JMHO
In other words either you believe Ken is telling the truth or not. If you believe you stay and patiently wait. If not, then you should have sold and not be here. So, what is your problem and why are you really here? That's right just to trade. What pissed at Ken because he messed up your trade and you lost .02? Sorry, stuff happens. If you believe long term this has the potential make a huge difference in your lifestyle then buy and hold until you get your price point(s). If you have a short time frame you are looking at you do not belong in this stock IMHO for any reason but to flip and that is where all the noise is coming from. If you are new ignore the bashers and look at the company site and DD at the top. Why worry about pennies when dollars could be yours in 6-24 months. JMHO
Players will use downtime to manipulate the price. I had wished Ken would have given no time or at most day or two to get the shares and not 3 weeks. This would have forced the short to cover or could have burnt them. Instead they now can play their games. Not that they would not after the date, but nothing like making them sweat for a change.
Today's action just proves the traders and players are controlling the stock. Those calling the 50 day and for cheaper shares all day are most likely walking it down on small trades. That is why you see a higher buy volume and small sell and yet the price goes down. Sure they will sell you back what they bought at .16 for .17 all day long. Don't use stops as they will hit them. Longs need to wise up or just be content watching this BS day after day until no one wants to hold onto this stock. Nothing ruins credibility even though it has NOTHING to do with the company than traders moving the price at will and creating 30-505 losses in a few days.
STOP FEEDING THE BEARS!
I don't see it that way. What I saw was a large volume pumping the stock up and them shorting at the top. They worked the stock down using the 50 day as a guide and set up there to repurchase shares. Seen it all before and it is not healthy IMHO as many that trusted friends and bought leave feeling screwed and then it hurts the trust factor that the Steads have built. It also hurts the credibility of the board and all the great DD as what meaning does it have if people can blow you out at will. I don't need to pint fingers as those that flip and try and cause doubt,confusion and fear know who they are. I realize all stocks will flucuate as fear and greed battle it out. We are a spculative stock that is building trust by its actions. The risk are high but the potential payout could be a life changer for many that can just stick it out. GL to all.
What was the need to even bring up the 50 dma? Makes me wonder if some are trying to signal others to action? True longs and not flippers should IMHO stay away from calling the stock down even in a subtle way. The shorts are there and we all know that and there is no need to help them. Let's stay positive about the future of KATX and all the potential and not feed the bear.
First time poster. I was told about this stock from another poster and have lurked for the past 2 months. I enjoy yours and some other post, but see a pattern of bipolar post by the likes of littlerichie and some others which leads me to believe we may have a boiler room operation of traders in our midst that work together to walk this stock up and down by adding doubt and confusion. I always find going back to the DD and not worrying about all the BS the best way to stay in and not be shaken despite the swings. I have amassed a pretty large block of 500k+ shares and look forward to the free shares.
I have noticed that the short was 63% of trades yesterday and watch this figure daily. While small in comparison of the total shares that is a huge percentage of the daily. The only way they win is if sell cheap or panic. So hold on or buy up and force them to pay the most possible to cover. We can beat them but only if you do not feed them. Let them boil and have to pay up into the divy date to exit. GO KATX. Thanks Jack.