KAT Exploration Inc (KATX)

[Eagle777]

I can name probably 20 mining/exploration penny stocks that ran up on anticipation of spring/summer/fall drilling results and then sunk like KATX when the results did not hit the homeruns people had piled in for.

If Gump’s bizarre theory was correct, i.e. that the MM’s got caught selling on the way up in the runups from last year and then somehow did not cover/square their books since then and now need to do so, we would be seeing these large block trades going off all across penny land last week.

AND THAT SIMPLY JUST HAS NOT HAPPENED!

As I pointed out several times, it is ridiculous to think that any MM who was on the other side of the rules would square up, by making BIG, BODACIOUS, “HEY LOOK AT WHAT I’M DOING” trades that stick out and scream to be noticed. That explanation should be insulting to anyone with even the least ability to think critically and who also has any real experience in this area.