King Resources Inc (KRFG)

[tchauncy]

blusterbunker- You don't "drive away" shorts by running a stock price up rapidly as I have put in several posts here. You generate more shorts. Shorts also short more if they can get the stock heading south. Something that I believe we did see happen Monday with the one heavier volume day. Now I am not about to blame all the selling on shorts alone. I fully understand that all things being equal, a quite company's stock will tend to trade down. Particulary as tax loss selling season approaches.

The only sure way to drive away shorts early on a young company is to have the company perform and be sure the float is in strong long term hands. The second part is pretty much in place, now it is up to the Company to fill in the remaing part. Something that I am confident they will achieve quite soon.

I would say that the price has begun stablizing here the last few days and volume is finaly starting to dry up. This morning, even while the last trade was .051 and three offers at .057, one of my friends first put in a bid at .053 for an hour without getting hit. He then sent 100,000 in at .057, the offer with three there, but only got 30,000 filled before all left to offer at .06 where they are sitting now.