Replies to post #71302 on KAT Exploration Inc (KATX)

[Rick-UK]

You could be right Steve. I remain unconvinced either way on the short selling argument but if short selling is happening then they are covering within a few days each time. I tend to veer towards the simplest answer as generally (though by no means always) being the right one and I think there are investors of that size. In November 20m shares might have cost just $60,000 at an average of 0.003.

In any case, for me the main point is that it shows quite clearly that the drop in share price in June could very easily be due to trading patterns and not (as some have suggested) anything to do with KAT Exploration's fundamentals, which to my mind remain as strong as - in fact strong than - ever!

Good luck to us!

[pro-trader]

whoever bought those shares and we are right about it they did at 5 cents
because we were holding very strong at that level
If there were big accumulators they did it at 5 cents imo
someone was indeed supporting that level

[relikwie]

I disagree. In November where AUTO served 23 million shares, the PPS was doing around 002/003. 40k would buy you that amount.
As for that 60% short on 7/2, I bet you use the daily FINRA data that many people interpret the sell figure of it as shorts. This is wrong.
The only short we can be aware of is the interest, which is published once a month.