Vulture, I said I will try not to reply to your posts but I will do so now because you asked me for my targets-see below for those. you also said "Ten cents was the glass floor mate, and I stated that support would be breached a day or two before it occurred. (with the correct use of technical indicators).
I can't understand why you call 10c a glass floor. The priced dropped by 3% below 10c on very low volume on two very bad market days. Could anyone really have profited much from that move? If you had of sold at 10c or even at 10.5c, would you have bought back in while our market was falling heavily? It closed at 10c when our market closed on a fresh low for the year. When would you have bought back in there? Would you buy back in now at 10.5c if you really like the stock? Not an easily tradeable move.
I said "That KGL is holding around 10c tells me that the high volume selling at 10c is gone and I doubt 11c will offer much resistance when traders and investors become more comfortable with the overall market-whenever that might be. So no, I don't see 11c as a brick wall at all."
You asked me; "If you keep challenging my opinions, then I'm interested in your TA facts and figures/targets for future reference.."
I am not trying to challenge you, I am just questioning some of your comments if I disagree with them. I have already stated my target and posted my chart to explain. My target is mid 20's over the next 6 months, and it could be much quicker. Anything else by comparison is noise along the way, that will be much more difficult to predict in advance. That is only my technical target. My fundamental target over the next 6 months is higher, but I would like to see the FS results to confirm. Some of that noise will no doubt be tradeable, but the easier money will be to hold. If you prefer to trade your stock thats fine. I am not suggesting you do otherwise. My posts are intended to give my views only.
KGL Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
