KAT Exploration Inc (KATX)

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Traders and MM are pretty much controlling the trading here it seems, which is depressing for longs like me that have averaged up from .09 as they felt more confident in the company. Still fundamentals take over once income is being produced, but that is down the road quite a bit. At this point speculation and news not already discounted can move us up along with getting the restricted shares. Any lull in the action will bring out those touting the 50MA where they are sitting waiting to buy. Funny how charts seem to fulfill themselves.(chicken or the egg?)

The short cover is 3 days now so what used to be down in 3 weeks is just shortened. Off course if they cannot walk it down and news hits then they are screwed. GL to all longs and the Steads, who IMHO have doen a good job so far.