Actually its up from .04. Or wait its actually down from .26. Or no... up from .015 or....
The wonderful thing about charting is you can choose the beginning point wherever it suits your opinion. But the reality of the situation is that we started at .05 and we are now at .07 everything else in between was for trading.
As it stands today KBLBs value is up quite a bit if you consider dilution since the beginning. I forget where it started but I believe it was near 400M with split adjustment. So the value of 2 shares now is equal to 1 share the day they started trading. That makes the company value from 20M to 40M in 6 years. All numbers approximate.
Shareholders are doing OK here. We will see where we stand at the end of the year.
As far as trading goes we are in a downtrend since the trend line broke at .093. All we can do is invest too trade if we want to use our short term money wisely. IMO the .0685 will become a top and .06ish for a bottom. Without news I would guess a buying op at the open to the month. People expect some contact in the 3rd qtr and if there is nothing out right away the bears will use the indecision to attempt a PPS dip. Anything in the 5s would be a great flip but probably not possible to get yet. Until news a 10-15% flip is all you can ask for. It could still catch you in the red if the bears win the run.
Longs will buy the whole time since a PPS of anything under .1 is a good buy for a long term trade.
IMO News will come sooner rather than later. Could be wrong but my gut tells me that Kim wont be silent much longer
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