KAS 0.00% 1.5¢ kasbah resources limited

is anyone out there?, page-7

  1. 2,859 Posts.
    Jack, all good points. I also really like the fundamentals on this one, hence I am starting to get excited about the coming buying opportunity. However, fundamentals and price/valuation are often two completely separate things.

    I have already stated my view of the coming 2012 meltdown...(followed by a hyperinflation drive into 2013 and beyond don't forget!). However, another reason to add to my confidence of big move south next year is the charts of a lot of the resource stocks I follow, actually make that virtually all stocks I follow. Basically, they all indicate that new lows will follow shortly. In the case of KAS, I have outlined how double and triple bottoms/tops rarely end trends. There is a nice triple bottom at the moment and normally the 4th attempt is successful. ie/ there will be no quadruple bottom, it will just keep going down. The triple bottom breaking is nearly a lay down misere in my opinion.

    As for final low price I remain unsure. There is a gap at 8.5c from August 2010 that could get filled. Personally I don't think it will get that low but worth keeping in mind. I think at least 12c and that's roundabout where I'm expecting to get involved. Stock should be a big winner in a few years imo.

    Good luck

    El Capo

 
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