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This is why I hate dips like we had on Friday. We opened the door for the flippers, and they came on in. Now when we have news, they sell, and then start bashing hoping to get back in to do it again. We will get past the noise in a few days and get back to being who we really are, a great company with a bright future. KMAG
Why was there such a large 52 week low in February?
renisis,
In my opinion it was due to several events.
Jeff had to pull back on business development due to health reasons, KMAG was in a startup phase resulting in shares being added to the float to support the business, and the economy was in a down turn.
The RFID sector of business is just now coming into the market place with affordability and superiority pushing it forward.
If you want to get a good feel for Jeff Reid and where he is going with KMAG, you need to spend the 40 minutes and listen to the STT Radio interview he gave in April of this year. You will see events he spoke of then have taken place since the interview, and see the connections he has in the business world.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78917753
I wish you the the best looking for that one in a million investments in pinky land, I really think I have found mine right here.
Here is a good place to start.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78704453
MACH1, Great reminder post. I had not listened to the interview since it was live. I think it would be time well spent for everyone who has not gone back and reviewed this interview, to do so. Listen closely to what Jeff was saying in April, and think about where we are today. Jeff Reid is the real deal traders. The one in a million pink sheet company.
http://ih.advfn.com/videos/market-commentary/stt-radio-kmag-ceo-interview-04-23-2012_MtNawDrD3dY
Crazy day here.
I do feel for the rookies that sold and lost out today because just a few years ago it would have been me.
Hope some lessons were learned.
There are stocks that selling would have been the right thing to do, but KMAG is not one of them.
You have to be true to your DD, not follow the crowd.
I guess some paid their dues today.
Looking forward to the next piece of the puzzle.
Have a great weekend all.
Good morning pete. I like the sound of that. Lots in the pipeline, looking forward to seeing what all JR has lined up.
99% of the posters claimimg they are selling don't have any to sell. They are trying to scare someone else into selling so they can buy cheaper. Too funny.
jaime, agree 100% with your PM. It's all good here.
Still have all my shares and a few more. I love the way KMAG has firmed up in the last couple days. Looks like if a trader wants a big number of shares they will have to hit the ask. Looking forward to seeing what the latest news will bring us.
krilram, your verification kinda got rolled over by the other email but thanks for putting it up for shareholders to see. GLTY
I agree greentim. I think the longer it takes to get out, the bigger it will be.
Strong trading today KMAG longs. I expect more tomorrow as we look forward to one more piece of the puzzle.
KMAG is trading smoother and smoother as the flippers are getting left behind. Traders who are smart enought to recognize the potential of KMAG are holding for the bigger payoff.
Looking to tickle the nickle soon.
Green, I was using Internet Explorer and switched over to Google Chrome and the pages are loading faster with them. Hope that helps.
ctrades, very good read on trading today. If KMAG was going to sell off it would have done it this afternoon. Strong trading all day and it will continue up tomorrow. Strong close means strong open. Forward looking events will only add to the fire.
Strong day today guys. I really like the close. Very few selling on the bid means gap tomorrow and move on up. Something at work here with the large orders getting eaten up, and I do not think it is ihub money.
jaimerodriques, thanks for the reply. I really think we will soon see deep pocket investors (outside of ihub) step in and start taking over. The flippers and bashers will soon be left behind and the longs will be in for the ride. I have to believe that some have taken notice already and may have a large stake already. GLTY
I'll add one more thing. I don't think the buyback program ran this thing from .02 down to .003 - .004 and held it there for the entire 2nd quarter to purchase a few million shares. I am thinking the buyback numbers may be bigger than some are thinking. Hope I'm right on that one.
They can talk all the garbage they want......talk is cheap.......I'll be happy to start selling some of my 30 million shares around 1.00 per share
Short-Hunter, man I keep hearing huge numbers that shareholders have aquired. I have heard as high as 40 million for one holder.
I'm starting to think there may be some air-shares floating around that may need to be covered soon. I see several MM's acting desperate at times soaking shares on the bid. Can't wait to see Jeffs numbers. Should be a good week for longs.
You guys need to stop responding to the naysayers. All they are trying to do is distract you. KMAG is going to gap up and take off Monday morning and they full well know it. Lets focus on the company KMAG is today and going forward. Millionares will be made here and thats no bull. Still holding all my shares and plan on adding more Monday. Have a great weekend all.
Float must be locked, I mean float must be gettin tight. Right Jamie.
Wouldn't that be funny if it was KMAG.
Eyes are on us. Smokin all of em. #1 most read board. KMAG
Roo, I really think that alot of those shares that were stacked at 015 yesterday and this morning were sold today at 12 & 13. With a little pressure in the morning we should move on up to the top side of 15. Thanks for your DD on the board.
Well we have bounced off 015 twice and you know what they say, third time is the charm. Lets turn 015 into support. I think we do it tomorrow.
I see we are missing a couple momo posters today. Must have cleared them out along with most 012-013 sellers. Ready for the next leg up. Throw the chart out the window, Giddy Up.
Looks like the MM's picked up some cheap shares. Now they are going to sell them under the cover of the 5000 ask.
Agree completely. Lets hope big money has aquired a big chunk of the float and is on board with us. I really think that is why we are moving up in a very controlled manner. Nite was the MM squirming into the close. May be some air shares that need to cover also. GLTY
Apollo, since we are throwing numbers around I guess I will too. I think the talk about a float lock is more realistic than some know. I hold over 19 million myself and if you throw all these figures together including Jeff, large and small holders, I think the float is about gone. Key is for people to hold on for the ride to the top.
Nice to get rid of the weak, now we don't have to deal with as many when we are in the pennys. I hope the longs grabbed some of those cheapies and take them out of play.
Thanks jdk, I know if there is a gap the flippers will be screaming we gotta fill the gap. lol Don't know how we will trade today, but long term is up. I don't think retail is running the show here, we are just along for the ride.
Just didn't know if the chart would show the 53 or 55 as the close. I'll put a small at 54 just in case.
Roo, we don't need any gaps today. I will put in a sacrifice small sell at open. So did we close at 53 or was it the t-trade of 55? My email is greenvalleyrealty@q.com if you would be so kind to send me a copy. Thanks, John.
Those of you who are new and haven't board marked yet, please add your mark. Sitting at 628 now. GLTA
It appears that you are correct with the Darth Jeff. That leads me to think he accumulated a pretty large position. Can't wait for that PR.
In my opinion the share price is being controled by a much bigger group than whoever was buying for Jeff. The buyback was announced to help stabalize the share price, not stiffle it. Whoever is blocking is doing it to buy a large quanity of shares. Is it a short covering that crashed the price from .02+ or is it someone that wants to own and control the share price going forward, I have no way of knowing. What I see is a big buyer that wants to shake the shares from your hand and I'm not about to sell to them anytime soon. Thats just the way I see it.
I know some are emailing Jeff but is anyone communicating with investor relations, or are they the same. Just sent investor relations an email and didn't know what to expect. Thanks.
MM's now selling you the shares they bought at 40-42 all while hiding behind the 5,000 ask. They are the biggest flippers in pennyland IMO.
Not pointing fingers at anyone, but on message boards often, I'm selling, means I'm really buying, and I'm buying, really means I'm selling. This is a time in development of KMAG that if I were out, I would be looking to get back in. Thats just the way I see it.
I'll put it this way. If they are pumpin it, you don't want to touch it. I guess if they are bashin it, that would be a strong buy signal.
I know they are still working out the kinks in airport RFID, but it will be great when you can track your baggage from your smartphone. I think Jeff is all over baggage tracking.