King Resources Inc (KRFG)

[blusterbunker]

I'm suprised that the price keeps dropping. I would have expected it to have at least found a range by now so either the market hasn't arrived at the true value of the company or the market thinks that the company is lossing value. And from listening to this board a majority of the float is in solid hands so things should stablize.
Given that the big run up earlier in the year was pure momentum and emotion. But the one that really makes me leery of jumping in at these prices was the run up back at the beginning of October which was "to drive away the shorts". That seemed like a total ploy for some people to get out dodge.

Where is the support? You could say .05 is where it has bounced before so that could be it. If it breaks through that then who knows where it will stop.