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Re: poolguy1 post# 74705

Tuesday, 07/17/2012 7:21:03 AM

Tuesday, July 17, 2012 7:21:03 AM

Post# of 232508
poolguy, The spike to .022 a couple of months ago is an indicator of the percentage moves KMAG is capable of. But the market has not yet fully accepted Jeffery Reid's master plan. Whatever forces are depressing the price will eventually subside if profits continue to increase and contracts accumulate. To put a timeline on price appreciation is speculation but a couple more quarters of stellar growth could conceivably convince the market in my opinion. Yet it could happen any day. Trading volume is drying up indicating we are running out of sellers and buyers.
KMAG needs public awareness to draw in more buyers and maybe a killer contract would do that or just a long string of amazing earnings.
Mark Hulbert has a newsletter based on the "contrarian" approach to investing. He measures sentiment by monitoring market newsletters and tallying positive and negative commentary on stocks, currencies, etc. The concept is that when a majority is negative, there aren't many sellers left to push price down. When the majority is bullish it is likely that the market is saturated with buyers. The strategy is to bet against the crowd. There is a significant level of accuracy in Hulbert's analysis, but it has to be tempered with other fundamental data to get timing tuned. I was loosely applying contrarian theory to the feeling of negativity toward the current price that Ihub posters have been expressing. My comment was a quip and has absolutely no merit. I apologize.