KAT Exploration Inc (KATX)

[Er0ck]

It's hard to go up when the MMs crush you down all day long. Our volume wasn't amazing today either, so that definitely
was a factor and made it easier for them to control, but for the first time in a long time, I sat here all day watching the MMs hold us back on Level 2.

They set this thing up to run in the AM, which is typical, only to kock us back down in the pm. We had almost no resistance in the AM until 8 cents, but in the pm it was a completely different story. While there was strong buy support all day long, the MMs didn't just set up some resistance, they set it up at two completely different price points, and it was very big resistance too. I have never seen that happen with this stock. If I see any type of resistance, it's always been at one price level and usually pretty light. Today was quite a bit different, they had multiple levels of resistance in the afternoon with no support and they widened the bid/ask to get the day traders to sell.

But even with out the MMs controlling us today it would be hard to say how high we actually would have gone. I think the 7s would have been easily possible, but even with the fantastic and very big news, we barely got over 5 million in volume. With this type of news we usually do 10 to 20 million in volume.

It's ok though, I do believe we have some pretty major things in the works that might be coming out very very soon. If I am right, then days like today will be a thing of the past in the very near future...