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Swing trading is the only thing I've made money on LOL. The story is great here, I just hope something comes of it. I like the properties but the company has screwed the pooch IMO, the next time I hear the words "share distribution" I'm gonna crawl into the fetal position. I've got KATX on the back burner for now, and am playing a couple plays that look more promising in the short term ;)
Well you don't have a loss until you sell right? Right? You don't want to miss the boat here. I wish I would've sold for a loss a long long time ago. I hope my attitude lately hasn't offended too many of my fellow longs here, but the current status of KATX has forced me to be a realist.
Well it might as well be him. He bought in low and rode it to .20+ then bailed while everyone else told him he was crazy.
Paying taxes is a good thing, something most haven't had the opportunity to do here.
Indeed, some indicators are rock bottom. If I didn't know the history of this stock I would probably take a gamble. This stock just seems like a bottomless pit of despair. Did you ever get those .05's you were looking for? LOL.
You might be referring to "Tradersrule", and yes, initially everyone told him that was a "bad move" and he was "missing the boat". The main difference between him and most everyone else here is that he paid taxes due to KATX, and everyone else claimed losses.
At these levels I could see a pop back to .02 just with playing the bounce if we level off around .01 soon. If we start consistantly trading under .01 then I think that might be hard with the 50 day crashing down. Our chart is looking pretty horrible right now, I think we're in a dangerous area in terms of PPS. Today was not a good day, especially being the beginning of the trading week. I was hoping that we might get a Monday boost, when instead this traded like a Friday. I don't even want to know what this Friday will be like if Ken decides to continue this silence.
It will go up again, it's just a question of where support will be found first. Our chart is a falling knife right now. This drop really needs to start leveling off if .01 is going to be support again, otherwise it's safe to say we will likely see a sub penny dip, I'll be looking for .006 if .009 is broken.
The chart really shows what you're saying also, huge accumulation going on at .0006 and .0007, now it's .0007 and .0008. Slooowly creaping up. Heavy accumulation without pushing the price too much. Then it runs, maybe this week, maybe next week, we'll have to wait and see. GLTU.
In a technical sense, we are bound for another test in the .01 area without any change in news (or lack thereof). I'm looking for .009-.011 depending on how the area acts as support, as this would be the second time we test it.
Soaked up a few .0007's today myself, I agree, looking at the chart, my opinion is you will be lucky to get .0006's. Not saying it won't happen, just that the chart is bullish.
Hmmmm, maybe, maybe not. Get too greedy and you'll wish you had .0008's.
I agree, I'm not sure of the Stead's intentions with splitting up the properties, but I had a few people telling me to run for the hills when they saw what was going on.
Indeed, when it comes to money, all bets are off. Hold your shares tight and accumulate while I dump. You don't want to miss the boat. KATX to the moon and what not, rah rah.
I don't know about that, there's been some heavy retail dumping. If you believe in the fundamentals in KATX (as I do), then keep a core position and flip the rest, in the absence of news I think they're be opportunities to trade between .01-.02.
There's definitely been more than a few chances to flip here by playing supports and resistances. You just have to pull the trigger and do it and quit worrying about "missing the boat", because most of the time, the boat never comes.
True, with flipping you generally aren't on the "ground level" with a breakout, but the goal is not to take the ride down either, and there's been plenty of that here.
There are many here who have been here a long time who are thinking or saying exactly what you're saying. I know the beating all us loyal longs have taken, and all I can say is in the absence of news, play the chart to try to make up some losses or to increase your holding.
Hmmm, I think it's too early to call it a trend yet, I'm looking to play a bounce off .009 to .011 at this point for my flipping shares. If we don't get some buying pressure I think another test at the .01 level is inevitable this week.
Without a doubt, every time I've played a chart that looked like AWYI it's turned out very very well.
Took a decent starter position Friday. The more I'm looking at the AWYI chart the more I think I should've taken a bigger position.
Is the float almost bought up in this thing? Accum/Dist is off the charts, PPS is just waiting for an excuse to run. Looks like the float has been getting sucked up for months now.
In before the MOMO is right, thanks for the heads up. The chart is setting up veeery nicely here.
TR is a better chart reader than I am, but I'm pretty sure he'd say more downside. I'm guessing .011-.009 should hopefully provide support with new buying, the only thing that worries me is how strong .01 is at this point. .01 was a psychological entry point last time, dipping below .01 is a possibility if nothing new happens, the more times we test support around .01 the weaker it's going to get. An update would help right about now.
This day to day trading is getting hard to watch, hoping for a bounce off .01. IMO the way to have been playing this one would be keeping a portion of shares to flip between the bands.
I believe cautious optimism is the way to go. I also am still excited about the potential of the properties we have due to the geological conditions that exist in the area. I'd even go out on a limb to say that we do have economical mineralization existent on one or more of our properties, it's just a matter of finding it with the funds to back it.
I'm not sure of the O/S at the time, but I think the price jump had something to do with finding a 32 billion dollar nickel deposit. ;) Although it is not likely that KATX will find something that massive, I do like the mineralization that the geology of the area can support, which is why I'm here.
I can confirm what you were told also from a geological POV, when HC results came out I emailed them off to an aquaintance who knows a few things about rocks. The silver content was the first thing he noted. I also happen to think silver is going to have a very good year.
Realistically ACLH could just as easily be valued at .0002 right now, but there is value in a stock being liquid and being quoted, neither of which is ever likely to return to ACLH. IMO B*CL has more value than ACLH even if ACLH has a higher PPS.
Technically in that scenario one share of ACLH would be worth 1/3rd of a share of B*CL, probably even less as the share structure for B*CL would probably be diluted.
You're absolutely right, we can only speculate why ACLH is around at all with everything that happened. I'd say a merger is a definite possibility and would facilitate a reason for keeping ACLH alive as a company. Being a realist, I would just have to ask how much are they going to value former ACLH stock if a merger happens. I'd hope they'd negotiate favorable terms for ACLH stock, even 3:1 into B*CL wouldn't be that bad considering the circumstances. GLTA
Quite honestly, in these types of companies insiders couldn't care less about paying capital gains, two in the bush isn't better than one in the hand. They unload while they promote, and they had quite a promo opportunity with the BP oil spill. I wouldn't doubt it one bit if insiders unloaded into all that promo, that's just how these deals work.
It's my hope everyone takes the time to read through your post, although geology is an involved and extensive subject, it is the reason I and others chose to invest here. KATX's properties lie in geological conditions that can be viewed as favorable for mineral discovery, and this simple fact is why I'm still here through all the muck that's been going on for the last few months. The size of the claims that KATX has in the area is only trumped by Vale's claims, to me that means something.
Even if a merger happens I just can't see the terms being advantagous to the shareholders of ACLH. One thing that's been evident here is that Kidder and Shipley don't hold shareholders in high regard, they already made their money selling this stock by pump and promo. As we all know ACLH was made the poster boy for disaster scams, you don't just bounce back from that unless you have a company that has substance, not just stock, and I think we can all agree at this point which category ACLH falls in. Good luck to all those still here, I remember when we all thought this company had a chance to be something, and our wallets were a little heavier.
If ACLH moved off the greys in the next 50 years I'd be surprised. The damage done here is too big to overcome IMO, and usually bottom feeders like Kidder and Shipley will move to the next ticker to pump and promo. It's much easier than rebuilding a tarnished reputation.
Think you're getting a little ahead of yourself. A PPS of $15 would probably require proven reserves of 2 billion with trading on a conservative PE with the current O/S, and for us to be even trading on any kind of PE in general we have to be trading on a respectable exchange. Obviously hot sectors can be trading on a PE as high as 15, but we have to prove we have the goods first.
Why is there so much talk about the float going up? That's what happens when restricted shares become unrestricted. It's neither good nor bad in of itself. Personally I would want to know WHOSE shares became unrestricted.
I've honestly never known what people have seen so much in Ken. He knows the area? Great. Experience in developing properties and joint ventures? Great. What is sorely lacking is his ability to actually run a company. First the cluster over BVIG, then the lack of clear and concise press releases, not to mention the terms of the financing that was never clarified on. Transparent? Hardly. I still stand by my statement that I invested in the properties, not Ken Stead, but now the lack of communication between the company and shareholders is starting to irritate me as the PPS continues to bomb. Now it's the flippers who are having fun with this stock, and all the loyal longs who believe in the company are getting it jammed up the you know what.
In short, I invested in the properties, not Ken Stead. One hit and all this back and forth won't matter because we'll be too busy counting our profits. Our properties lie in a mineral rich area with a big hitter already involved. I like my chances here.
If you're going to trade KATX from a technical standpoint why are you on here every day complaining about the fundamentals? TA traders don't care about the stock or what they're selling, they scan charts and pick the stock based on the chart. So...go look at the charts, and quit wasting your time here. There's plenty of bullish looking charts out there.