KATX - Tradersrule is very good at the technicals on this stock. He was very active when it made the run up to .23 and was warning of weakness of the technicals then. He loves to be the guy on the church steeples with the lights & yelling the brits are coming and not afraid to take the heat. He is not personally married to KATX, like some on the board. I have enjoyed communicating with him and should have listen to him back when we were coming down past the .13's. I would not have lost has much money as I did, but it did get me to start working on trying to understand "Technicals".
If you are new to KATX stock, take the time to read Gump (who doesnt like Katx very much but knows the business), and Geo, (who is pretty fair in his assetments). Both are Geo-guys and have long history in the field. Rick-UK has the most knowledge about katx as a company and is great guy.
The problems with KATX is they have had two weak hits and management has really had a lot of missteps. Good intentions, and I believe trying to do good for them and investors, that blew up in their face. They have not communicated with investors very well in the last six months. They were pretty good, maybe giving to much, to nothing. But I think the last PR is fluff trying to calm the investors down.
They are low on money and may have to raise money some how. I have a hard time believing it would break .06 without really good results coming back from the core samples they have out. Until y I think KATX will be a good investment, but after being involved since March, I wait till they "SHOW ME" some strong results.
Just my two cents. Please do your DD.
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