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Whether you are a fundamental or TA guy, if you look at this company and look at everything they've done over the last few months and how much potential this has, then look at the PPS, you should be scratching your head. There's been no logical reason for this stock to trade at the current PPS from where it's been. Once value starts being assessed to these properties, no amount of manipulation will keep this down.
They have been for the last three months. They have applied pretty much all the downward pressure we have experienced, but when they back off the ask, the stock pops up, even on lower volume. That's why so many say these prices are a gift, because if it wasn't for HDSN constantly undercutting the ask, this wouldn't have dipped this much. This will run again.
Chart is looking bullish IMO. We had a reversal confirmation on Friday. 10 day DMA didn't push PPS down which was pretty key, MACD and RSI curling up with room to run, PSAR likely to flip with a green day Monday, ADX lines looking for a crossover with room to run. I wouldn't say don't have a buy order in for 6's (I have a buy order there also), but I'd advise not to wait around for them. I've done the bulk of my buying on .08 support with a little left for any dip. All IMO, GLTA.
Sorry, I don't see where you get a "strong sell" out of the chart. Unless they're basing it on how close we are to DMA "resistances", the only problem with that is news trumps charts when it hits, and we should have very little problem going through the .089 "resistance" when it hits. We had no problem going through all the DMA's on the way down either.
I also don't believe that insiders are selling. Possibly a financier? Who knows. All I know is we got our reversal confirmation today which hopefully means an ascending trading range. It would coincide with what the company has going on.
Insiders "could" be selling their shares, or maybe a financier, we still don't know the terms of some of the financing. This is still a pinksheet. Insiders can sell and you wouldn't be any the wiser. The sooner we get off the pinks better.
Hahaha, OD is MASSIVE. The chances of finding mineralization similar in size to OD is very slim. If it's even 1/50th the size of OD we'll do very very good. $5 a share easy, probably more with the P/E, if share structure remains similar.
Yea right, stop pretending you know what's going on, this was going between low 3's and low 4's all week. This is a low float stock, it moves big on little action, going down a tick from .004 to .003 is nothing. If you're looking for a pat on the back it's going to have to be a bigger call than that.
Just thought it was unusual. We usually get a few 100k volume, even on the slow days, didn't see what the bid was today though. Makes you wonder how much float is left. And I agree, the last week of trading has presented a strong case that the bottom is in. GLTA.
Anyone have any idea why no trades today? Looked for any news and found nothing.
This is a good chart play either way. They cut the O/S in half and it still hasn't been reflected in the PPS as of yet. Market cap is just over $600k. I can think of several SHELLS with comparable market caps. It's getting time for an update, but I'm far from antsy, and will give this one time to play out.
This ALSO isn't the first time BS rumors were spread around about a penny stock to try to affect share price.
HNSS is what my last post was referring to btw.
Yep, been loading up the last week or so. Chart is ready to go, and it's gonna move quick with the tight float. I've heard some pretty conservative traders predict some pretty big potential PPS numbers short and mid term. Level 2 is thin all the way past a buck.
I thought you sold out? Hangin around for camaraderie's sake? I was looking looking through the day you said you were dumping and I didn't see anything to indicate that you did, unless you had a small position. In fact that day it was almost all buys. So IMO either you fibbed about dumping or you are here just to pick a bone with our assistant mod (which you already admitted). Either way I hope no one takes your advice seriously regarding this stock.
All anyone needs to do is take one look at L2 and see all the MMs in the 8-9 range. They will walk this up and down in that spread until news forces this out of that range. These days are meaningless other than continuing to provide a good entry point.
I was in the same situation when I first heard of this stock. Took a look at the O/S, market cap, L2, the chart, recent aquisitions/revenue streams, and last but not least the share buyback. Then I crossed my fingers hoping for a few quiet days to buy. Took a little risk getting in without the reversal confirmation yet, but the downside risk was easier to take compared to the possibility of having to chase this.
Keep telling yourself this is a pink sheet stock. Because that's the reason for the wild PPS fluctuations. Less day trading, less manipulation, no NSS, increased transparency and more price stability will be all the things to look forward to the day we leave pinkland. Hopefully KATX will do the R/M sooner than later, I would hope sometime soon after KATG starts trading.
Could be a big week here guys, chart is ready. People watching and waiting for the confirmation. IMO if you're in under .01 you're going to get very healthy profits. Good luck to all.
I'm well aware of his agenda, but every now and then he lets a little truth come out. Maybe by mistake, I'm not sure.
This is why getting onto the OTCBB is so important for me. At least if we're walking into a you know what storm we'll know which way the wind is blowing. I personally think the whole KATG split was for financing without dilution to KATX. Getting the financing to develope KATX and KATG to where they can sustain themselves is the key here.
If the PPS were to rise and continue rising on drilling anticipation/results, shorts will cover their positions, resulting in a lot of buying coming in. This results in nice increase in PPS. The beauty of it is the more shorts that cover and buy, even more shorts cover and buy before they're forced to buy at an even higher PPS. It's the opposite of panic selling, panic buying.
Been hearing rumors of a possible short squeeze coming up. Rat Pack has been shorting this all the way down.
Nope, but it should be interesting with the recent acquisition and how it translates to earnings per share with the O/S recently being cut in half.
Really like the way this is churning. This has held .08-.09 better than I thought it would on lack of news. This is looking to be bottom, looking for reversal next week.
Quiet buying, slow accumulation. Good stuff.
I look at L2 every day here, and it is very very thin.
And look how quickly it came back up. You'd almost think this had a low float or something......
Did you sell out today like you said you were? I'd hate to call you a liar.
From the sound of it they're already doing some preliminary cutting. I'm hoping for RR drilling to be finished by Oct. and Handcamp phase two being done before November. I believe I'm being conservative but I think it's the best approach for these scenarios. My opinion is also based on the scenario of drilling only one property at a time.
Phase two drilling is going to tell a lot about the deposit, we should start getting a better idea of the size and average grade. There are also a couple other areas of interest on the property. It might be a very valuable property, even if only one of these areas gives mining numbers.
Eh, a week ago I would've agreed with you, selling seems to be done and this has clung to .08 very nicely on lack of news. I'm not sure there's a whole lot of downside left, especially with a drilling date getting closer every day. I gave myself this week to see where the price would go. It held at .08, and I bought at .08 this morning. GLTY.
For them to create a road for heavy machinery, award contracts, schedule the rig, and for the rig to arrive and start drilling is probably going to take longer than just a week. I would expect a possible drill target date within the next week or so, but not for the actual drilling to start. I believe the conservative approach is best with these types of scenarios. I'm just hoping for drilling before October.
You obviously aren't looking at the chart and how tight it's getting, but if you're on your way out do ya mind tryin' to drop the bid on the way out? I'm a buyer.
The age old question. I'd always recommend taking enough profit on a nice run to at least cover your initial investment. If you're looking at fundamentals this has the makings of a long term play, but the tight float is going to make a huge run possible.
The main point of interest for me was the 150M share buyback they did. Their share structure was not unreasonable before the buyback, but the company went for shareholder interest and cut the O/S in half. That's a pretty big deal and looking at the chart it pretty much went unnoticed, which tells you how quiet this thing has been. An undervalued low floater flying under the radar. I like it.
Thanks I'm pretty happy about it. I was pointed here over the weekend but figured with my luck it would run first thing. Much to my delight it was quiet today.
I've heard some pretty big numbers thrown around from some pretty conservative guys. It would be great to hit .25, not out of the question. This is a great time to accumulate as funds allow. It's going to be hard to chase once it goes, these low floaters move too quick.
It went down because I took a chance sitting on the bid all day after I saw it open quietly. Just was referred to this stock by a knowledgable source who sees a big run in the making for this quiet low floater. The chart AND fundamentals are both favorable.
I was forced to do some buying today also. Looks like this is going to run very hard with a little attention. Doesn't even look like the 150M reduced shares has even been priced in yet. It's getting wound tight, just waiting for a reason to go.
Think everyone was wondering about the huge gap up.
The only thing I can think of is they believe a buyout with one of the companies might eventually happen. This obviously would mean no merger, but they would be able to sell one company and continue to operate the other. Just tossing around ideas.