KATX again today posted 20% gains before some profit taking took the stock down a notch to close up 15%. It is becoming more evident by the day that KATX is going to hit $.10, the only question left is what it does after that.
I suspect this is the 3rd up leg in this long rally and the stock will reach new highs. Consider that each of the last two legs posted 500 - 1,000% gains. If history repeats itself KATX could hit $.30 a share. That would mean this rally still has some significant upside potential.
Today's action left me more confident about my bullish stance on this stock.
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