Replies to post #162608 on BOUNCE (BOING)

[Toxic Avenger]

Not a seasoned bounce player, but one who enjoys the fruits of those folks and contributes DD whenever possible.

KATX appears to be another hyped mining play. The most detailed info I can find for its rise and fall (and it is coming down from a spectacular rise) is here http://www.hotstocked.com/article/2255/kat-exploration-inc-pink-katx-the-uptrend.html.

They are also now linked to BVIG, another junior miner which has lost over $100 million in its 6 years of existence. BVIG, which is now KAT Gold Holdings latest info is at http://www.sec.gov/Archives/edgar/data/1412126/000093041310006200/c63690_8k.htm

It looks like the market cap is at least $17 million at the current price, which given all I can find is still way, way overvalued. Like many other penny miners, its exposure to gold and gold's rise has fueled the speculators and promoters.

Whether it can rise again on hype is impossible to say, but IMHO it's unlikely to bounce based on its fundamental value or any intrinsic worth to their properties.

[Buckey]

we look for Stocks really beaten up in the very short term. My experience has been that ones that are slowly tanking continue to do so and offer very few bounce opps. Most bounces are dead cats which are very small bounces followed by new lows.