Replies to post #1698 on King Resources Inc (KRFG)

[dmbao]

I would expect KING to basically trend down unless more new buyers surface. That being said I don't think its going to stay down to long as us present buyers will step in if the price get too low to add to our positions.

I guess what I am saying is even if the stock continues to edge down like today that once it hit the levels I am looking to add that the short is going to want to sell me a big number of shares at say 0.07 and 0.05 although its very possible it will happen.

Absent of new news and despite the potential the stock has no earnings or revenues yet so not everyone is patient enough to hold out.

Also there is always the possibility that they fail!

I expect the shorts and MM to keep trying to push the stock down and they will be succesfull unless new big buyers surface or the company puts out something to change the status quo.