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Re: lowman post# 74070

Friday, 07/13/2012 12:01:24 PM

Friday, July 13, 2012 12:01:24 PM

Post# of 232508
That is quite impressive thinking lowman. I agree, I see no wedge in play at this time and previous wedges didn't confirm with rising channels. See my addition to your chart below. The prospect of a 54 million overhang is disturbing. Couple that with former lackluster response to news as you did and a dismal picture appears.
Turn144 offers hope in pointing out that exponential growth will open new eyes to KMAG. We shall see. But if we have a bad day and the bollinger bands break to the downside, I think we shall see selling from the recent buyers as mental stops are triggered. Then we have to examine lower support, or at least a test of the recent .0028 intra-day bottom. So we are either in a perfect buying atmosphere presently awaiting exponential earnings news, or the mother of all buying opportunities awaits us at lower levels. The resolution is to keep buying. I anticipate that a year from now we may meet at a jovial annual shareholder meeting and reminisce about these times.