Breezy--Cisckid is a gentleman who I believe works on Wall Street. We all should search for and follow his posts. He wrote this last evening:
You guys are going to make me explain today's action. I was hoping to no do it but here we go.
Stock opened down with some big block sells. The price dropped. People had stop losses in leading to a further and rapid decline. Sideline newbies saw the drop and figured everyone was bailing. They start selling. Stock continues to drop. Gets down to 50ma and the calvary sits waiting to buy it up. I picked up 15,000 at .14 and 27,000 at .155 myself. The MM's stole alot of shares today. Hey when good news comes out they want to make money also. The reason that the stock didn't plunge at .25 and waited is because there was no definative news out. They now have confirmation and will buy as much as they can before the barns door close. Like I said before what's changed now from last month....answer NEWS! Mark this. Within 30 days people will be crying that they missed a once in a lifetime opportunity. I've been in the business for 24 years and in my opinion this is as real as it gets or WE would not be in this at all. Full Disclosure: WE HAVE NOT SOLD A SINGLE SHARE OF KATX and we have millions of shares collectively. some of you guys know me through the little birdie. No pump no hype....just face and the facts are that KATX is a real company led by honest management team. The reason the BVIG shares will be restricted is so the shares don't get sold off immediately and hinder the company growth. Consider the shares a gift from the company. Whether they are .02 or 22.00 they are free to you. MAJOR POINT: if you're selling you may miss out on ther DIVY shares. The ex-div date will be released soon and you guys better hope it isn't put at a date your not holding the kat.
Excellent questions!!! The drop has been blamed on the existence of a ratpack whose aim is to bring down the PPS on a stock they like. Then, when it's low enough, they buy it. Another explanation is that the Market Maker is a wise guy in collusion. Either way, KATX is still as strong as ever, and I would suggest buying more at this very low price before the rise up begins again.
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