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Got the drift Jaime. and Hallelujah !!
Aqua
You are expressing sentiments probably held by many long term investors and you make sensible points. The alternate thinking is that every time Jeff Reid has made a public announcement in the last year it has been met with a barrage of negative commentary by a hostile publication and concurrent name calling. If he is actually trying to rectify the damage done, he may be holding off all news until the well documented criticisms have all been addressed and the company is ready to move forward with all technicalities in order.
My messages to the CEO have also gone unanswered. But those supposedly in contact with him don't appear to possess any inside information. Furthermore, what information they may get from him eventually filters down to us.
KMAG is not an investment. It is a speculation at this point, so evaluating it with criteria for traditional investing gives it a DDD rating. It is prudent to avoid it if one has conservative investment sensibilities. On the other hand if the statements of the informed shareholders come to be realized, KMAG will be a Bonanza.
It appears to be a coin toss. Many are making calls while it is in the air. The outcome will be known eventually. Until then all is talk. Technically, the stock is poised to move lower as uncertainty takes its' toll on the cautious and encourages the cynical. Sell signals have flashed constantly, and lower buy signals appear. If one is betting on Heads, averaging in is the proper ploy. If one is betting on Tails the best exit point was long ago. In every casino there are liars, cheaters, suckers, experts and lucky. Over a year ago I thought I was getting into a risky investment. Events indicated that KMAG had become a gamble to the average uninformed investor and there were ample sell signals. I made a bet and am awaiting the outcome.
Put small orders in. Put Good Till Cancelled orders in for .004, .003, .0025 and .002.
Jaime, I'll say it again. Any gathering of people would be incomplete without Jaime Rodreques.
The rain began as I crossed the TN state line a month ago and the ground has never had a chance to dry since then. Everyone is getting a second cutting of hay this summer. And my sweet home California is burning to the ground. Yes, it is very much like investing in stocks.
Very well said gatemate. It has been discussed how the government agencies involved in KMAG's situation may not be inclined to finalize procedures. The most compelling argument made by lowman and others is that the SEC could open itself to the possibility of lawsuits if it were to admit any error on it's part. In that case it is disconcerting that they would lead the company on for months with continuous hurdles to no avail. Now the suggested resolution via a reverse merger entails more waiting on our part and more hoops and expense for KMAG.
Meanwhile, KMAG gets negative press from a certain publication and a critical barrage from "nattering nabobs of negativity." The company expressed intentions to up list to a higher exchange where access to a wide range of investors is available. Therefore, as frustrating as it may be, silence from the company seems prudent until these issues are resolved, particularly as the CEO reported there are evolving affiliations with large retailers.
A probability is that a controlling interest of shares are presently held in sympathetic hands, so on a higher exchange there may not be such dramatic whipsaw price swings as last year when a large amount of the float appeared to be held by manipulators. The patient investor could be rewarded well when KMAG trades on a higher exchange, filings are made and pent up news is released. Jeff Reid has stated his intentions. All else is conjecture at this point. Time will tell.
"The market is manipulated"
Big surprise
Chris Powell made some points that many suspect but few acknowledge:
Nothing could be more politically incorrect than to say we don't have free markets in the Western world...
A gold price suppression scheme is government policy.
The surreptitious intervention in the currency and gold markets is Western Central Bank policy and financial journalists rely on bank sources....
Meanwhile SAS with a 5.25 PE ratio languishes nearer it lows than highs. If gold could be manipulated further downward, there is some downside risk in SAS as seen on this chart. But there is tremendous upside potential with some resistance levels along the way.
If one sees credence in Chris Powell's findings and can foresee an unraveling of downward manipulation in the metals markets, then ST. Andrew Goldfield with real assets and income is set up to vastly out pace a precious metals run up.
The charts disagree. Nearly two weeks ago I posted this chart which shows levels (blue lines) where we could expect spikes to reach. Anyone who put GTC buy orders in at those levels had a statistically significant chance of being rewarded. I was and so were friends whom I have shared technical analysis with.
Charts are merely depictions of past statistics from which future extrapolations can be drawn. That is irrespective of which market is being charted. Albeit, accuracy is less trustworthy when trading volume is low. In the case of KMAG this chart warned when not to buy and gave accurate levels at which one could initiate buy orders for short term trading or long term accumulation.
Man With a Plan. Here is what that chart looked like in April after the down trend was in place, confirmed by four failures to sustain a break out above resistance. Those resistance points were concurrent with general optimism and I avoided buying amid the enthusiasm. The channel connected closing prices. Paying attention to the projection of that trend saved a lot of money for me.
quote: LOL charts mean NOTHING on the greys.
I just showed how the chart predicted the parameters of the down trend. It warned when not to buy. It also gave buy and sell points for the trader. This chart, in the greys has served me and my friends well, so the charts definitely mean SOMETHING to someone. Furthermore, the charts I, lowman and others posted have given an unbiased picture of what has transpired and have generated indicators with a higher level of predictability than opinionated commentary.
This chart connects closing prices eliminating intra day volatility and depicts a downward trend channel that has been quite accurate from mid April until the last two days. The break out above the channel resistance would normally render the end to the channel. The retrace to .005 would indicate a normal snap back leading to a buy signal.
However, the break out was not a high volume break out and is suspect. Recent intra day price plunges to the (blue) rising bottoms line portray a bottoming period within a long term triangle with the top being at .014.
The red down trend channel now is no longer predictive as a result of this weak break out.
This chart has served well to warn off buying at the top of the channel; and to set support levels (light blue) for dollar cost average buying. Now the relevant lines are the support lines at .005, .004 and .003. The breakout to .0068 shows how little resistance there really is.
If news, trading volume and a more liquid trading exchange become real, then a quick run to .014 is a given. After that KMAG would be in a new bull phase and levels much, much higher are inevitable.
Your finest moment
Jaime
Susie is in our prayers and you are in our hearts.
Good information. Thank you.
When the suspension expires Welwind will find itself on the grey sheets. Larry shows no capability to do what is necessary to get back on a legitimate exchange. I am afraid the coffin has been nailed shut. I just hope that Tammy and Larry don't exercise their incompetence on another venture to the detriment of investors.
I agree malibu, and furthermore, Since the SEC boondoggle, JR would have to be clinically insane to make the public statements he has when, should they be untrue, he would get jail time. To take such a risk, he should be upping the AS and OS and reverse splitting like a traditional scam and selling enough stock to retire at an undisclosed island. So on one side he is a master criminal or a nut case, and on the other side he is a CEO dealing with setbacks. I've made my call on the outcome.
Yes, a flip of the coin.
On one side, the CEO is a liar and a thief, the unverified numbers are not real, the SEC action will end in the demise of the company and the CEO will go to jail for defrauding shareholders with false public statements.
The other side of the coin is, revenues as stated exist, re-listing to pink sheets and higher is progressing, authentication of numbers is inevitable, the lack of transparency is temporary and the CEO is motivated by a vested interest in the success of the company.
Meanwhile, there are forces trying to influence the outcome, but the coin is still in the air. Time will tell.
This chart indicates that we are still locked in a consolidation. And we are under the pressure of a long term declining tops line that once again turned us back. We have to have some closes above the .014 resistance to begin a long term up trend. Then we can tackle resistance at .019, .024 and .034. There is some chart resistance at .05 but that was in the distant past with very little volume. So a move from .05 to .10 and beyond will meet very little technical resistance. Meanwhile, the large indecision triangle is defining our long term tops and bottoms.
KMAG's current PE ratio is respectable 14.2857. A price of .02 would generate a PE about normal for a growth company. As Lowman aptly asserted, KMAG can not be compared to blue chip growth stocks because speculation comes into play. Whether audited financials will generate that speculation remains to be seen. A 211 with a MM on board and some impressive Q1 results or some great news to assure "exponential" growth would do well to push the PE ratio into the 100's that some emerging growth stocks enjoy. Then a challenge of the (adjusted) all time high of .134 is a distinct likelihood. That price was attained on much less revenue and on speculation alone. I do hope that JR's optimism results in .134 becoming the new baseline.
This simplified 2 year line chart connects closing prices eliminating wild intra day volatility and clearly delineating the trends.
Two weeks ago the price failed to hold above the long term descending tops line of the massive indecision pattern (in blue). The price also failed to breach the .014 resistance (red) set by the post suspension collapse. This indicated that the 500% move from the Nov-Dec bottom had exhausted it's momentum and some consolidation was in order.
A former support level of .01 (green) has been the focal point of that consolidation. A long term buy signal and trend reversal will be signaled when the price holds above the blue declining tops line at around .013. A strong confirmation will be a basing above the red intermediate term resistance line at .014.
Optimism is fueled by the quick move off the bottom and probability points to a resolution of the indecision pattern to the upside..... contingent upon continued revenue increases and up list progress.
Chart. After a nearly 500% move since Feb. 24, a consolidation is in order. We are against 2 forms of technical resistance: the long term declining tops line (red) and the point at which KMAG entered the grey sheets and it's subsequent dramatic drop (purple line).
The wild trading range last Monday traversed the entire expanse of the long term indecision triangle, and took out the gap from Feb. 27. This action cleared the way to resolve the triangle with a bias to the upside considering the buying pressure and that the downtrend line has been recently punctured 2 times. More consolidation could occur as we negotiate .014 where the breakdown occurred.
Of course news trumps the chart.
...and consequently slinging much mud. It is a matter of time before we get both technical and fundamental irrefutable buy signals. Being stuck in the mud like this has been a bonanza for me. I have accumulated more shares than I could've wished for just months ago, and I am well into the green. No mud slinging can obscure how good KMAG has been for me.
I agree narvo. That gap left me uneasy. However, in an uptrend, a gap can be your friend as it allows a possibility to pick up some discount shares when it fills. Whoever got that gap price today now has enough money to go out to dinner tonight.
Importantly, we have not yet closed below .007 the former resistance level which is now support. If we close above .006 - '007 today we will have successfully tested the breakout and can establish the gradual ascent you hope for.
Gap filled. Uncanny
Long term chart. The channel from October to last week has been decisively overcome despite a gap on March 11. Those who bought on the breakout (green line) are grinning today. Now we are up to the long term declining resistance line (red). Some may take this as a profit taking point and we could consolidate here. Some will see this as a long term buy signal. The interplay between these two forces will determine if we are forming resistance or support. Alternatively, we could form a flag pole and overtake previous highs. I placed my bets.
Lowman, your price targets are quite reasonable to me, assuming that revenue growth continues. Of course your caveat that a major contract could radically change expectations is enticing.
The oft quoted Turkish Master's projections are based on a lower O/S. I adjusted his calculations to the new O/S and come up with about .12 as being an acceptable long term target. The price spike in the distant past to 1.30 also translates to around .12-.15 in today's terms.
So, .15 is very doable in my estimation. That may be a resistance level, but once broken it becomes a floor to who knows where.
I speculate that KMAG expands it's business via contacts and endorsements. That's how my company works. When I incorporated I found it mandatory to make my phone number visible if I was going to sell products on the internet on the grounds of being available for customer issues. I found myself inundated with irrelevant inquiries and lookieloos. I canceled that option and used Amazon.
You are right, a published phone number is not necessary for conducting business in this age, particularly if you have no time or need to engage with the general public. KMAG has satisfied my shareholder's inquiries satisfactorily through email. Nonetheless, as ceeker just mentioned, time will bring a conclusion to this redundant, rambling speculation,
I agree with your optimism BBalls. Although, if there are no pleasant surprises before April I can conceive of a downward price drift from here. In case there is good news in the near future, I have buy orders in at this level, and I will continue to buy if we decline further.
By the way BBalls, I appreciate your commentary over at Pacific... I'm glad I got out of that mess.
At the close today the PE ratio of KMAG is 3.5714. Audited financials, growing earnings and and exit from the greys will certainly attract the interest of value investors observing fundamentals.
That said, the stock chart has broken down below the recent trading channel and more downside is feasible as the resolution of these issues drags out.
If one assumes that KMAG will emerge vindicated, then these low prices are an absolute bargain.
The PE ratio today is 4.2857 according to Big Charts and other publishers. That indicates that KMAG is way undervalued according to Fundamental Analysis. Yet the close today at .003 indicates a breakdown below the recent basing channel according to Technical Analysis. And that portends more downside if no news or new rumors emerge. This shakeout is presenting juicy buying opportunities for those who are averaging in for the long term.
The voice of reason Masterlu! We are in a stock with a PE ratio of 7. No matter what exchange it is on, a fair PE would be 21, and a growth stock's PE would be much higher. Jeff Reid's email today told us to expect higher earnings in 2013. Despite repetitious and unsubstantiated claims to the contrary, I don't see where Jeff has ever lied or misrepresented facts about KMAG.
Factor together the low PE, the growth status of the RFID industry, the projected earnings increases and the voracity of the CEO, and we have a gem hidden on a dusty bargain shelf.
Clarity and patience will bring rewards. Keep a clear view of the facts as they unfold and patiently wait for fair value to be realized. That's the sermon I preach to myself as I scoop up shares at these outrageously cheap prices.
Chart. From December to January the AMBS chart had gone parabolic (red line) and that formation is unsustainable. I had hoped that the breaking of the parabola a few days ago and the subsequent consolidation was forming a flag pattern which is bullish. Ouch.
The short term trend was demolished today, but all is not lost. During the day we bounced off a long term support line (blue), and closed on a 50% Fibonacci retracement of the move from the November lows to the January closing high. So today we had a one day bear market like the Nov. to Dec. correction. The long term picture is still positive.
If the price continues to falter, some bouncing around the (blue) support line around .075 is a statistical possibility and would be a standard 61% Fibonacci retracement. If that action shakes out the timid and impatient, a decline to the long term rising support line (black) is possible.
To the intrepid believer of the long term fundamental story, this adversity is presenting bargain accumulation points.
Chart. The black lines outline a cup and handle pattern and the blue lines indicate a reverse head and shoulders forming. Both are highly bullish long term indicators.
Despite the clamor that charts don't work in the grey market, anyone following the precepts of Joseph Granville and Martin Zweig since October would be in a very profitable position now.
Personally, I don't think the grey market is that bad. There are no short sellers and MMs to skew the unfettered market place of bid and offer. It takes time to match orders but that limits the shenanigans of day traders. With the low volume patience and open orders are the rule. But today's volume indicates that someone is buying.
I don't have deep pockets, but I just opened a position in AMBS today.
Great find Elvis!
I'll be lurking enjoying all the great DD here and the positive consensus. I don't see much need for charting because this is a growth story and a buy and hold plan is the way to go.
GreenThumb, I saw you and other "must read" KM** posters here so I investigated for a couple of weeks. When the "sell on the news" drop happened I saw the price consolidate on an important support line. So I jumped in. I thought I would flip out at .05, but the story has got me hooked and I think I will stay for those all time highs. If the marketing strategy and expansion plan plays out there is no telling how high this could go!
I bought EEDG 3 days ago at .02 because the chart (below) suggested a low risk entry support level. {and I see a lot of familiar names posting here}. It seemed that .05 would be a good exit zone, but now it is looking like .073 is.... or maybe .1, or maybe .15, or maybe I'll just hold it long term. The momentum is impressive.
Interesting chart. The bump that brought the price up to .0062 in the morning was on about 200k shares of volume. The following smackdown to .0053 was on less than 35k volume.
All afternoon the money flow indicator rose until in the last minutes when a very small order brought the price from the high of the day to the low of the day, again on minuscule volume.
Since there are no market makers to blame, one might entertain the conspiracy theory that a single player put in a lowball ask at these strategic points.
Chart. High volume breakout! This chart is the same one I posted last week with price updates. The question marks have been answered. A dramatic drop is a remote possibility, but the trend is undeniably up. The price broke through resistance at .005, retested the resistance (now support) and closed on the high of the day.
On the left there is some intra day resistance at the .007 area, and then it's clear sky up to .012-.0125. If the price were to consolidate at this level for a few days, a bullish cup and handle pattern would be formed.
Again, the trend is upward.
2 day chart. The volume indicators are interesting. the spikes in volume could be supposed to be single transactions. The spikes also occur on upticks or high level consolidation. On Friday there was relatively heavy volume with the money flow indicator rising. Even though there was no net price change on that day the majority of the volume can be presumed to be buys.
That could be construed as Joe Granville's "volume before price" postulate, because today there was certainly price change.
The volume decreased today so we can't call today a high volume breakout, and a test of .005 is highly possible. Increasing volume on upticks in the next days would be quite bullish.