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Re: mileniul post# 90305

Tuesday, 08/14/2012 2:06:24 AM

Tuesday, August 14, 2012 2:06:24 AM

Post# of 232508
Here's the deal... as much as KMAG has potential more than any other pink out there - revenues, net profit, uplisting, buyback, etc. - the bottom line is that it is still a pink, and it will be played like one until it isn't.

Lowman did nothing wrong today. In fact, you all should learn from what happened today. HE doesn't need to announce his sell, and certainly one person selling at ask into strength didn't do anything to stop this from rising today. But he told you anyway because he's pretty straight up about almost everything (and I don't know the guy, btw).

That gap this morning, imo, was not a breakaway gap.
There was no big HUGE news (like buyback #s or client revelation). I would be willing to bet that almost all the buys today were newbies, "longs" and the friends of each.

KMAG does ROCK! But the truth hurts. No traders bought into that huge gap, and the people buying today will phase out until that gap is filled. It was too big and for no reason. Maybe it rises and I'm wrong, but unless some blockbuster PR comes out, history says its going to fill.

Nothing wrong with Lowman recognizing it. He will just end up providing bid support as it comes down. Are you all telling me that a 4-5 bagger wouldn't have you taking profit if you knew the charts as well? Say what you will, but experience makes people take money when its in hand - at least until an uplisting comes.

Gaps don't have to fill, but that was a big gap. It's not going to .006 like some people are wishing, but still...

it is what it is.

Warning: I Pick Stocks w/ a Magic 8 Ball. Everything I post
could be completely wrong... and occasionally offensive.
Read and absorb my insanity at your own risk.