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I hope the auditor news is included. An update on that will be the one two punch this stock needs to test .025-.035s
Yet you loved it not too long ago. Sorry man, I respect your take on the technicals but c'mon, you say one minute that you love this stock blah blah blah now you don't.
No disrespect intended but I find it disingenuous when I can look at your past posts and see your rah rah rah love of KMAG and now it's not all that good. Whatever...You do have a right to say these things but I feel it's ridiculous you come into this board to keep pushing other stocks and now this new "take" on the company.
How can you NOT love the patents which bring a whole level of game change to this stock?
Kewl beans. Thanks. E/M
I believe the consensus was this would see a red day after the big gains yesterday. I still stick by .02-.023 by Friday.
Awesome, same boat here. I considered selling a few to play the beverage penny but I decided this one has more earnings potential so I stayed put.
Yep, people are buying on the dips so it's all good.
Good points, thanks. I guess we shall all find out friday then!
Look deeper my friend. It's a consolidation day. You are looking at it from the perspective of one day.
Tim, I trust you but I see the news announcements and I get a little spooked because nobody knows for sure when JR will do it. Am I wrong to think that?
I am long and strong. We are always good.
Charts looking good and moving back up.
Seriously? I would love that if true.
I want strength, we've been getting strength. We are seeing new buyers daily. They believe in what is happening here.
You need to understand that with growth comes gains. Charts don't always properly lay this out. I could easily point out that the charts said one thing in the .004s yet it was locked down. We didn't have near the volume we have now. More shares are locked down as well so the float is lower and shares aren't as easy to come by. This leads to increases in the ask.
C'mon, growth and future enthusiasm are at work here. That is something charts can't gauge.
Fact remains that anybody who understands fundies knows that the valuation has this between .025-.05 right now. Pinky or not, this was held back for way too long. Institutional investors are coming in now based on the newer MMs we are seeing pop up.
Fundies play into this much more than a fear of gaps. I'd fear a gap if this was some unprofitable nothing penny I was riding for some quick change. There is nothing here
When you do that you are also artificially holding this back so a bunch of people can get in on the cheap. Sorry, the news is significant. Gains are significant. Jeff would be in deep doo doo if he made this stuff up (not saying you said that but this kind of thing feeds trolls into spreading that nonsense).
When a stock has demand and the perception of good long term growth, people want in and demand drives it up. Allowing this to retrace to gaps allows the MMs to hold it back and keep it low.
Sorry, I've seen it too many times to think that big retraces are good. Sure, some get to jump in at a lower price but it causes more uncertainty and that just isn't good. If we were off and running today from where we started to over .02 I'd be more worried. This is growing perfectly and it most likely won't be done for some time.
The key is Jeff keeping promises, so it is about Jeff as much as KMAG.
Okay Masterlu, I got it off my chest. I will back off.
You are right 100%.
And yet again, you did right by selling at your exit point. Good on anybody who can make that kind of gain. You are misunderstanding the sentiment here.
If we get news, I believe this. Until then, we will see slow steady gains with some minor consolidation.
I rode Jones Soda from the low $2s to the mid teens based solely on the hope Wal Mart was going to go all out and stock their products. Sales and profits weren't great. I saw gaps in that yet waited it out.
I rode Pow Entertainment from the 20s to close to a buck simply due to Stan Lee getting a first look deal with Disney. No earnings.
I rode a stock that was researching canibus as a cure for bronchial problems. The CEO was on CNBC talking it up. That rose and rose to unbelievable heights. I flipped it because it had no future to keep it going higher.
This one is different. Too many good things to run away due to a fear of a gap. JMHO of course.
Again, nobody is mad he sold. What makes some of us mad is the announcing something that a lot of us believe is being overhyped. If we are wrong, so be it. Problem is this stock has shown the ability to recover from consolidation of late. News or not, people are buying due to a belief profits and revs will increase and this will be a QX stock at some point soon. Speculation and good will are powerful tools in penny land. Until Jeff proves us wrong (and I am saying now I don't think he will, he's been too good to us) I say the gains are all a vote of confidence in his leadership.
Agreed, but to post something like that reeks of an agenda and it doesn't help a newbie to read such things. When people buy KMAG, they are either buying as an investment or to ride it up and flip.
Flipping is fine, I've done it but I won't go and post that I sold because of a fear of a nasty gap.
I don't begrudge profit taking. I do begrudge this u turn chain of events that could make others fearful. I say if you are fearful, base it on your own DD. Problem is people can get into a pack mentality when fearful and there is too much POSITIVE going on with this stock to allow fear to take hold.
Even Lowman backed this up until today...just sayin'. If somebody thinks I am being mean about this, so be it. I am here to make money too but I when I sell I will say thanks to all and move on. If I want back in, I will quietly figure out a new entry point and play again. I won't post some irrational fear to scare up some bargain shares.
Just my 2 cents.
Right...charts and pennies are useful tools but unlike a big board stock, a chart doesn't tell the whole story. To sit here and say that all this stuff will transpire because the chart says so is silly.
Sorry, I've been trading pennies for years and followed the chart rules (yes, I can read a chart and interpret it) yet they never play out a lot of the time. Now when I bought a NASDAQ stock recently, I used the chart as a way to figure out an entry point. When I saw my low point, I bought and haven't looked back.
Charts can help us with pennies but to say that this will fall because you see some problem with the chart is just plain silly. An experienced penny trader knows charts are but one part of the equation. In a situation like ours, there is a lot more at play here.
It's not a pump. Keep dreaming.
Can't we just sticky this?
You got it dude. I am over it now.
BOOM Shakalaka. That's what I am talking about!!!
I agree tbrays. No hard feelings I hope, just saying how we feel about things.
So true Joe. And since then it's been slow and steady which is the best way to win long term with a penny stock with good fundies such as KMAG.
Hey, you and I are good and see things quite similarly. I think it's best to let him talk to himself. He thinks he knows better than anybody else and that makes for a dull argument after awhile.
Yes, I am guilty of wasting time on them (sorry to all).
He can't show us why a gapper can happen, we've shown him why he is off on it. I guess the best any of us can do is hope for the best daily and accept that there will always be consolidation during the course of a trading day.
Problem here is that because of the posts of some former longs, this opens the door to guys like this. I say ignore it going forward and let's focus on why this is going higher.
If anything we see these 50K trades from various MMs. If that's the
"gapper" that will bring the price down I am quite certain somebody else will slap the ask to get their shares based on all the GOOD things JR is doing.
As many people have taught me over the years...technicals don't always apply when it comes to pennyland. News, speculation and many other factors play into the growth or stagnation of any stock traded on the OTC/Pink Sheets.
EXACTLY. This is running on many factors:
Tight O/S
Demand
Solid news
Speculation that the company will go higher based on future events (you can't overlook this)
Trust in the CEO who has kept every word (hence the longs who hold and accumulate)
New institutional buyers
Revenue growth
Patented products that are seeing huge growth industrywide.
I've seen many gappers. If we were going to gap, today would have been it. Nobody is arguing we won't have some consolidation and even some slow days.
More news is coming. JR has yet to prove anybody wrong.
Were you not noticing the volume from the opening bell? Sorry not buying it. I've seen gappers. Nobody is arguing it won't consolidate a bit.
Was one of them True Religion?
...and nobody is. Nobody has the right to come onto a board and make stuff up either but it's done all the time.
Yes, but I've been on boards where the longs owned a chunk of shares. if everybody holds, the MMs have to work harder to get what they want. Hence why I keep talking about slow and steady.
I get it when people short a troubled company. I get it when it's the banking stocks back around 2008. I don't get it when people do it to companies that are showing the world they are keeping promises and building business.
Fact: Slow and steady gainers always find new buyers. The reason momo gainers drop so quickly is because most people get scared, it's like the housing market...at some point there will be more supply than demand.
With a slow and steady gainer like what we have here, we will have days where it consolidates down a little but if you gauge profits week by week, you will still see a green week more times than not.
Too many good things with JR and this company. This is why the demand will continue to outstrip supply and we see more green than red.
Funny how we had one of our better days, folks like Smoke and Low made some good profits and somehow we are all bad people because we question their tactics in pushing a drop in price. Seems to me a very slimy attempt to create doubt that they would have NEVER STOOD FOR when they were owners.
Just my 2 cents.
THANK YOU. I see it. There is no gap here. Funny how some would crucify the typical naysayers BACK WHEN THEY OWNED this stock and now we are all idiots for calling out such nonsense.
It is nonsense. Even so, a little pullback doesn't hurt us. Slow and steady is what we have been seeing.