Replies to post #84141 on KAT Exploration Inc (KATX)

[tradersrule]

Er0ck is correct IMO. You SHOULD be looking at the trend since May. Zooming way out and looking at a one year chart does NOT tell you the near and even intermediate term outlook for a stock. So then are you saying you would hold this stock down to .05 again because its still 1000% higher than it was last year? Come on .....that's ludicrous....and a great way to lose a boat load of money. MO ....rule

[Er0ck]

The fundamentals of this company are the only thing that matters right now. The technicals, specially those based on charts are useless. As I have stated MANY times before on here, KATX trades on FUNDAMENTALS not on what the charts say or predict, aka technicals.

I am not sure why you want to focus on Nov 09 so much. We were at basicly nothing, thats when we started our up trend, thats great. The reason why thats not important right now is because we have been in a very big down trend for a few months now. We given back at our lowest, around 60% of our gains, or roughly 14 cents. It doesn't matter what we did almost a year ago, our current trend has been down.

But the thing you are not understand is the fact that the charts are useless. You keep talking about the technicals, and charts, but like I said in my other post they are really pretty meaningless. This stock has proven time and time again that it rarely follows what the charts predict. Why is that? Because once again it trades mostly on company fundamentals, which is what almost all pennys at this stage of their life trade on.

Once katx gets over a dollar then yes, technicals will start to play a big role in how this trades, but until then, it's the major internal company events that will drive the price of this stock. Can you pick out short term trends based on the chart data? Of course, they are easy to pick out. But the longer term trends and over all movement of this stock is determined by the fundalmentals.