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Great post, Thanks for the links where we can beget our own opinions.
I also found this page interesting
http://www.rodmanandrenshaw.com/metals_mining
I thought you got stopped out?
Mappo I was thinking the same thing with the addition of not giving any investing advice to friends or family (stopped out AND telling friend to sell at bottom with almost 8000 posts on IHUB, I don't buy it)
Something tells me cheepo knows all this, he is not that foolish.
But it is a good empathy builder for some investors who did or will make some foolish choices.
Thank you Rick, I sincerely appreciate the lucubration involved in the compilation on KATX.
KATX/BVIG/KATG
Could you please post link for this information?
Thanks (in advance)
2 Questions regarding ARCA selling. (or any other MM)
1) I keep seeing ARCA letting trades execute for below ask without the ask lowering. If ARCA has shares available for .023 but sits on the ask at .0235 then why after 6 or 7 trades at .023 wouldn't the ask go down this? Or atleast show up during the trades as .023
2) when I slap the ask ARCA sells to me at BID? Why not just lower the ask?
It looks like ARCA is back having fun this morning.
ARCA is on ask = trade below ask
ARCA leaves = price goes up.
I remember seeing that Interactive brokers uses ARCA for the exchange (now their web site it is saying no info under KATX) Wonder if this explains ARCA's behavior ?
Small observation - KATX is not listed on Interactive brokers anymore as a shortable stock?
Dont know if it means anything, just an observation.
Ken used it himself in the past.
http://www.ceocfointerviews.com/interviews/KATX-KATExploration09-RLO.pdf
Its all in the SEC filings.
Public information.
Also in old documents
http://www.ceocfointerviews.com/interviews/KATX-KATExploration09-RLO.pdf
Wow, gone for a day an look what happens.
Whole Lotta catching up to do. Time to print out the filings, grab my coffee and see what kat has been up to.
I should leave more often....
Starting at 3:33pm, and held .021 (or above) for over 20 minutes but I guess it is all a matter of perspective.
For example if you are catching a flight arriving 20 minutes to departure would be considered last minute.
With all the excitement did I just miss a big 1 MIL trade on the L2?
Yes I said trade on purpose cause we really dont know. Do we?
WHAT!!!! Now its a bad thing???? Stick to your guns everyone, come on.....
When Zwicker was handling the PR/IR there were numerous posters chanting he should leave and KAT should get someone better suited to handle the PR. Now that a change has happened it became "A BAD THING" all of a sudden. Which one is it...
I dont have the ability to look up the old posts but could some one humor me and post a some links from a few months back to these posts. Otherwise I can crawl for them later.
BTW, Regardless of who Zwicker is as a person or the misfortune he may be having with his health (best wishes to him) he was in over his head and the move is in the right direction. Having been in the same position as ken with partners and employees you work together with for years it was probably not an easy decision but it the right one (at least from what I saw from the outside). JMO
At least we know from watching the L2, when ARCA is on ASK we can always get orders to fill at BID.
Observation - ETMM (E*Trade Capital Markets Llc) have been accumulating all morning. (at least 90% of the trades so far today)
On the interactive broker site there were 200k available to short yesterday, now today its down to 20k (but who knows where the inventory started from, I think I remember seeing it in the 7 figure area)
This is only what the Interactive brokers have available to short openly in their system. Although if you have an account I think you can build a larger position. So who knows what the real volume is?
I have been watching this page for months and found this number really is not a good indicator of what is happening regarding shorting to KATX.
But it does at least make it obvious to posters that claim there is no shorting (or have ever been) of this stock going on.
Eagle are you back, or still restricted?
Regarding you observation, I assume it was rhetorical, but I am going to respond anyway.
EVERYONE has something invested here otherwise they would not be here posting.
Is it just me or does anyone else find it just utterly bizarre in the extreme how the only ones going berserk over KAT missing the filing deadline are those who have zero investment in the company? How completely weird is that?
This simpleton needs a little help understanding a something.
If there were a large short position (regular or NSS) in the KATX stock.
(I am not claiming there is so please keep opinions to your self regarding this never being shorted and or cannot be shorted, that is not what I am asking, I am sticking to the technicals of a scenario here)
So if there were a large short position in a companies stock at the time of a Merger or acquisition wouldn't these shares need to be accounted for?
Source
What happens if I am short calls in the stock of a company which is subsequently taken over before the expiration date?
A: Corporate actions such as mergers, acquisitions and spin-offs will often necessitate a change to the amount or name of security that is deliverable under the terms of the contract. When such adjustments occur, the short call position is responsible for delivering the adjusted security.
For example: The shareholders of company JKL Inc. have approved a takeover bid placed by Global Giant Co. As a result, holders of JKL stock will now be entitled to a 1/2 share of Global Giant for every share of JKL Inc. they own. Therefore, holders of JKL call options will now be entitled to a deliverable amount of 50 shares of Global Giant for every contract of JKL that they are long (100 shares per contract x .5 Global Giant). Investors with short positions in JKL call options would then be responsible for delivering 50 shares of Global Giant for every call option assigned.
For the sake of this example, a simple conversion ratio was used, though not all corporate actions result in such clearly defined terms. Often assignment will require the short position to deliver fractional shares plus cash equivalent. An adjustment panel consisting of representatives of the listing options exchanges and OCC (who only votes in case of a tie) makes a determination whether to adjust an option as a result of a particular corporate action by applying general adjustment rules. Again, whatever the terms, the short position has the potential obligation of delivering the adjusted underlying.
http://www.optionseducation.org/help/faq/splits.jsp#1
Yes, I will back that up. The links were posted by dagg yesterday on the KATX board. Great homework dagg.
Sorry, to confuse people but I have been Bid sitting....They show up as a sell, along with a few others that have been doing the same. My bad....or good depends on your perspective.
Hard to judge exactly whats happening with trades on the l2 isn't it?
chmcnfunds, Thank you for not posting any detailed response that Stan may have sent you. This was an email between the two of you, not to this forum, unless specified otherwise.
Besides, I am sure there are quite a few here keeping quiet with bits of information (holding cards close) to get the most out of their investment.
Put your future (investment) in good hands - your own
I am liking today so far. It will be interesting to see if there is enough volume to make the 1 mil share trade at the EOD.
That is if we have witnessed institutional accumulation the past week. Of course I don't pretend to be any kind of expert so its only a possible observation. Of course.
Thanks, You are helping the accumulation going on today.
Not very much patience though weren't you just trying to buy the other week?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59992449
I am thinking Eagle777 may have a pretty good theory with trades.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60254317
If this is the case, then I wonder when it will stop? And who would be accumulating.
KATX/BVIG/KATG
Uhhhhh, I think Grahmber's posting relates back to some previous posting that had nothing to do with Ken Stead but conversations that supposedly happened and were documented here on this forum.
Although the first line of your post will show up just fine in bold on the Google news alerts, but I am sure that's not what the intent was.
I think we just saw something similar to the trade that took place on Thursday being less than the 1 mil.
Today it was .0218 x 491500. I was not watching but it doesn't look to have rocked the PPS to much. I am thinking accumulation but I am sure it will be argued the other way on this board.
It was still interesting.
Yep, Same here. Call it bad but I may have been guilty of bid sitting myself lately. But it doesn't mean I am not Buying.
Interesting to watch, I agree, and you bet I will be looking for it.
Although I am not completely sure we can wholly surmise it was shorts covering if these 1 mil blocks cease after 2-28-11. It still could have been accumulation for an institution that was limited to 5 mil.
On this particular matter is we do not really know what Ken or the KATX BOD really know. It is their game of chess not ours (at least not mine)
We also do not know if there is anything in the works to deal with the things they may or may not know about.
Part of me feels they may be getting some ducks in a row and setting the stage to deal with things (if there is something not right in the market). This way there is one big wallop (technical term) without repercussion. Or at least making sure when the legs are swept there is enough setup to keep things down. This takes time or timing. (this is what I would do)
Then there is another part of me that feels they may be getting some ducks in a row but I am the pawn and I lose. Hopefully not cause then I am the sucker.
There will come a day and we will know and hopefully not find that it was market manipulation that went un dealt with. Cause if I lost my investment to manipulation I may need borrow rat454's bushamster for some MacCapone therapy. Seriously these things really upset me (I blame my father for this anger).
BTW thanks for putting up the yacht picture again, I like, maybe some day I will afford one and we can meet up. But it looks like you will have get your masters license (if you don't already have it)if you want to pilot her in us waters.
YES It is much easier than the SEC site
On a side note I just looked up all the "Quarterly report filed by institutional managers, Holdings" on the SEC website and found that this web site just compiles what is reported to the SEC every quarter.
http://www.sec.gov/Archives/edgar/data/948905/?C=M;O=D
So here is food for thought for everyone that feels they might mis some new news or sec filing (I think this was mentioned before). Look into a "Web Page Monitoring" app and set it up for the KAT website, Kat SEC reporting page or any other funds. Then when the report hits it will let you know when to look. I will not recommend any one in particular just google and make you own choices on that.
But I find it very handy.
Thanks, That's what I was looking for.
But I did just come up with a different picture.
http://www.dailyfinance.com/company/kat-exploration-inc/katx/nao/institutional-ownership
I will have to save this link.
Thanks Eagle, Your posts always seem to provoke some kind of educational related research for me.
I never even knew what a VWAP was until today.
Again, Much appreciated.
With all of the knowledge accumulated here I may almost be ready to take my MENSA exam.
That's not how I read what was being explained. Actually the idea is the whale is "accumulating" shares throughout the day then large blocks are transfer at a contracted PPS average at the end of the trading day.
It actually makes the most sense out of all the ones I have researched so far.
I do not believe some one is dumping shares, but I do not admit to be any kind of expert with absolute conviction.
So (almost)every theory is still on the table, including the fact that we may never know.
Jackroch, could you post a link back to this. I could not find it looking back at your posts.
Thanks Jackroch, My thoughts also.
I would PM, but I am too cheap, and I just spent my last dollar this week picking up more shares on Friday.
Jackoch Thanks for pointing out the post contradiction. Thats entertaining.
On a serious note: I was thinking about the "cleaning house" theory during the second and third 1 MIL block trade and think this may be whats happening or not?? (I dont know) but did not want to be accused of piloting a black helicopter back from Utah.
Even harder to ignore when you pan out to a 7 day volume chart.
(5) bold lines almost evenly spaced out (yesterday was an exception)
Very Odd looking.
.0224 x 1000000 again
Thank you BIO, Your diligence is much appreciated.
I'm listening.....What are you thinking?