Post by
MalayalamFTW on May 07, 2019 8:55am
Technical turn around coming up
The stock is oversold on the daily RSI chart
Comment by
topdop on May 08, 2019 8:58am
@malayalamFTW may be so but it still hasn't hit my Buy target yet & we have all of the summer still to get through. Fundamentally, without proper Insto buying, Retailers will continue to get spooked & bail, pushing KAT to deeper, more unreasonable levels. This is the psychology of the markets & it happens all the time. These are my views only. Thanks for reading.
Comment by
MalayalamFTW on May 08, 2019 10:03am
@topdop the last time it was oversold like yesterday on the daily chart was in August 2011 :D You are being really greedy here Mr. :)
Comment by
stockhunter20001 on May 08, 2019 2:20pm
topdop what's your limit price?
Comment by
MalayalamFTW on May 15, 2019 12:40am
a round of applause please :-)
Comment by
MalayalamFTW on Jun 03, 2019 3:18am
Sorry for your disappointing result. I don't think a deliberate stock pump with low volume is a sustainable idea to earn fast money in the current trade war environment. Even if we had a stable environment it was certainly a bad tactic.
Comment by
topdop on Jun 13, 2019 9:19am
@Brandonrr no its a statement to simply show who actually holds all the downstream economic benefit of everything KAT does (or will do). KAT's off-takes will be at market prices so the conspiracy you (might be) suggesting whereby GLEN somehow gains better prices for these metals is not valid. These are my views only. Thanks for reading.
Comment by
Brandonrr on Jun 13, 2019 11:21am
Understood and agreed...looks like the price is still in a downward trend...anyone picking up shares or waiting for target price? I've been in and out of this one and my last buy was at 56 cents so I am just holding for now but might pick more up and average down
Comment by
stockhunter20001 on Jun 13, 2019 11:39am
@topdop, give us your insights about that "Proposal" what are our chances that this proposal will help drive the SP higher and stop bleeding? what would be the bad outcome from that proposal for us minority shareholders?
Comment by
Lech1988 on Jun 13, 2019 12:36pm
I'll let him reply but for me the "bad" outcome is any kind of equity raise. To raise an amount of money to even make a dent in our debt load they would need to raise the oustanding share count many times over.
Comment by
stockhunter20001 on Jun 13, 2019 12:43pm
The questions are: -Why would that happen? -Who will benefit from this? -What benefit will that bring to DRC and GLENCORE? -Can this happen under the OSC regulations?