Hi all,
I rarely post here, I don't have a paid IHUB membership. I've been in DKAM since about $2 on the run up. Sold on the ride down, then got back in a little high, averaged down a bit, still in it.
At least it was educational. It got me to learn a lot about TA, look for good advice, etc. I still hold shares, but being able to read the big exchanges helped me out a lot, and I went back to trading those. I also saved my mothers retirement by getting her to yank out her investments before the takedown.
I pop in here from time to time, but this company really hasn't been coming thru. I about sold my shares, but I see the Kid Rock stuff, and I think its the only thing that could make a difference in the share price, at some point, and depending on the deal DKAM actually has with him and MBC.
I got a laugh out of that youtube vid, first cause it had 313 views when I looked at it, and I bet, those came from this board. The other part was all that Trump business. The failure of that product was the lack of advertising. Unlike some, I didn't tell the guys at the liquor stores and distributors to pick it up. Why bother, who would buy something that just says T on it that you don't know about. Instead, I bought the product over and over and passed it out. Not sure if it helped, but you need people drinking it. My DD on that one is this, I still look for it in the stores, I live in SD, CA. It popped up at Vons and Ralphs. I haven't seen it since in the more metro area, but have seen it at Ralph's up in north county. Haven't checked recently up there though. I even saw it at CVS about a year ago, but it was on sale for $13.79 or something, then I never saw it again. Don't count on that one. They had a thing going with 944 magazine, they should have put an ad in there, those were the right people to start getting the word out, they all drink ketel one and grey goose.
Anyway, I didn't trust the pennies after getting in this stock, or the message boards for that matter. I went back to really learning TA, and playing the major exchanges. Recently, I've gotten into a few pennies that have been very fruitful - won't mention the tickers here, so I won't sound like a pumper. That and options. In the last few weeks, I've actually made more than I ever have... and in that time, I've recovered my DKAM losses. So time is ticking for me on this one, I could use the cash for a lot of other plays. Other stocks are moving all over the place - the market needs a breather at some point, but geez, the last 9 months or so its been constant activity.
I feel for those guys in Michigan and the depressed economy, but its tough times in my field too. I think Kid is doing a great thing, and regardless of whether DKAM actually gets a decent cut of the beer, I'm happy for Kid uplifting the spirits out there.
Anyway - just wanted to report that Trump at least isn't going anywhere that I can see, it all rides on Kid. The absence of the other products makes me tend to believe they won't materialize, or at least until after the company can actually turn something over.
Luckily back when everyone said it can't go any lower, I didn't believe it so I bought at a low. I was waiting for a double bottom, and when it took out .15 or whatever it was, I figured I'd get a little more. The multiple bottoms though aren't confirmed until this price gets over that 0.60 mark, so don't expect a bunch of TA guys to come rushing in if we hit 0.45 or something.
One of the problems in attracting new buyers to this stock is that there is so many other companies big and small, NYSE to the pinks to choose from... this one is just idling.
Anyway - use your own sound judgement trading these OTC stocks, and don't wind yourself up too much on what people say on these boards, or at least take what they say with a grain of salt.
I believe in a lot of what Coach said - some numbers and follow thru are needed.
I'm at the point that it doesn't matter to me where this stock goes since I have recovered, so if you MM's can hear me... get the stock up to about 0.40-0.50 and you can have all my shares, LOL.
DD wise, if you see people drinking the beer, hear them twitter about it (not the stock, the beer), it ends up on some friends wall at facebook, then you know it's going somewhere - real life is where you need to see it, not some electronic text on a webpage. Got a friend in Michigan, or even a surrounding state? Call em, see if they heard about it, ask em' if they'll try it.
Worked for me back in 03 with a thing called the ipod, and a company trading under HANS. Sure, not the boom of a penny stock, but still, seeing it in real hands, or hearing it from real people is the best DD you can do.
Like I said, I don't pay to post here, so its peace out, and good luck to those that are holding.
Again - MM's, you want my shares, bring up the price - I don't trade on emotion like I used to, and I'm a lot less greedy these days, so even if it goes to $5, and you get my shares at $0.50, I won't feel bad.
Lastly, I regret any typos, it's late, I'm tired. Good luck to you shareholders.