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ElohimPerazim

07/13/12 12:12 AM

#74071 RE: lowman #74070

With all due respect, there IS a slight hint of ASCENSION in the chart... I think the Bollie squeeze is probably the stronger dynamic, but I do like the slight uptrend as a hint to the future breakout direction. I do wonder why this didn't spike up on the last PR?? I mean it was like no one noticed or something... Well, good thing is, more chance for us to accumulate cheap shares. I hope the next announcement lights the fuse on this bottle rocket!

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Lonewolf1

07/13/12 12:26 AM

#74073 RE: lowman #74070

To me it's a simple matter.

The bid is being hit by a few million shares each day.

Call it selling, manipulation, shorting, "JR buying at the bid" or papayas - makes no difference.

The price will not rally because large blocks are dumped on even the slightest show of strength.

The only difference between this week and last week is that last week they seemed to be leaving the .004 bid support alone - but not any more.

But I have to agree that absent some significant news the near term is likely lower.

As for why the market is treating a stock with this story and prospects like this is baffling to me as well.

The unfortunate reality is that the "market" rightly or wrongly does not believe the story for one reason or another.
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turn144

07/13/12 8:37 AM

#74082 RE: lowman #74070

lowman, I agree with almost everything, except, I believe the "exponential" revenue growth in Q-2 along with showing improved margins will begin to change the way KMAG is "viewed".

At least I hope.

Revenues of 4 or 5 times the prior quarter should be the catalyst for new trading range. Q-3 guidance also will help.
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BayouBengals

07/13/12 8:59 AM

#74085 RE: lowman #74070

Hey low...totally understand the frustration. Been playing in pinky/BB-land since before RB message board came online...and I would like to say I've seen it all...but...this one is surely an enigma...to say the least. Like I've said before tho...think about how the folks at overstock felt when they were putting out killer fins & they were just languishing in mediocrity as we are. It just defies logic...until the outside forces acting upon the stock were discovered...then, the realization that "it's not our fault" comes to light. Hopefully, we don't have the forces of that magnitude working against us...but we definitely know they were enough to bring us way lower than where we should've leveled off at after the first run...and then back down to these sub basement levels...for an agenda that is still not quite clear to many...I sure don't know the MO here...can just guess. And...I surely hope this isn't a result of any buy-back plan...as, in my humble opinion...that would be unethical for a CEO to deliberately do this to their shareholders...regardless of the eventual outcome.

Well...as the laws of physics dictate...water will eventually seek its own level...at least with the absence of outside forces.
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museman

07/13/12 12:01 PM

#74120 RE: lowman #74070

That is quite impressive thinking lowman. I agree, I see no wedge in play at this time and previous wedges didn't confirm with rising channels. See my addition to your chart below. The prospect of a 54 million overhang is disturbing. Couple that with former lackluster response to news as you did and a dismal picture appears.
Turn144 offers hope in pointing out that exponential growth will open new eyes to KMAG. We shall see. But if we have a bad day and the bollinger bands break to the downside, I think we shall see selling from the recent buyers as mental stops are triggered. Then we have to examine lower support, or at least a test of the recent .0028 intra-day bottom. So we are either in a perfect buying atmosphere presently awaiting exponential earnings news, or the mother of all buying opportunities awaits us at lower levels. The resolution is to keep buying. I anticipate that a year from now we may meet at a jovial annual shareholder meeting and reminisce about these times.