Friday, August 03, 2012 5:45:56 PM
While I wasn't head over heels with the way KMAG was channeled, atleast in part due to JR, if the buyback is sizable enough, all will be forgotten. Hell, it's already almost forgotten. Almost.
In the land of pinkies, it's always a gamble. Key is to pick the pinkie with the least risk vs greatest reward. KMAG fits that bill.
Next week, we're going to be seeing even more buying, so I won't say this again, once it starts happening.
Buy now and buy big! It's the last chance for cheapies that we'll all get.
In the least, I expect a re-test of .0235 very soon, and once broken, we could very well see a spike to near .10 (or better?), with a heavy retrace, of course.
To put .0235 in a little more visual perspective, KMAG's marketcap at .0235 is only $12M. With the news, and subsequent newsletters that will certainly increase soon, KMAG is quite capable of pulling a BCC* type run, which topped out at almost a $100M marketcap. That was a springtime run, so that has to be taken into consideration. IMO, a test of a $50M-$75M marketcap is in the cards, in the next couple weeks.
This isn't just me pumping. It's observation and insight combined with common sense.
A Fool and his (KMAG) shares are soon parted.~
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