KING is looking awesome. Chart looks great. I'd seriously take a look at that one. There are major players throwing money at it for the long haul (looking for 15% long term tax rate!). There are several multi-million share holders on a ten cent stock that were bought in the open market. Basically there are already a few major players that already own more than the float. Seems like a squeeze is a possiblity. And the market makers are trading very scared. Don't seem to know how to get out of their short postion. Traditional tactics aren't working. Basically any time they try to artifically drop it on low or no volume, one of the major players comes in and whacks the ask hard. And I mean hard. Major support at this level. The company is refusing to do any 504 financing to let the shorts off the hook also.
Irrelevant of that the company literally has the best most experienced management of any pink sheet I have ever seen. The value play here is incredible. What they have on the books already is worth magnitudes more than the current trading level. They are oil and gas, but they are in acquisition mode now, so the downward trend of the market actually is favorable to them. And we all know the long term outlook of oil/gas is only up. Management here has lots of experience in big stock exchange stocks. That's the main reason they've attracted so many large players early on. I think a lot of people are in disbelief of the resumes of management. Check it out and do your own DD. Seems like its only a matter of time until it really gets moving.
I am long own shares and all the above is just my own opinion. Do you own DD before buying or selling...
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