KATX - Today's Bounce Off The Lows Could Indicate The Recent Down Trend Is Over

If you noticed... today's bounce was off a major support line. The stock closed down only 15% after showing more red earlier in the session.

I have a good feeling this stock will see gains into the weekend as the chart looks oversold short term. Longer term another test of $.10 looks to be in the cards. That price would be close to a double from today's closing price.

Consider KATX a Guru buy as long as the stock can stay and hold above $.05. If it drops below $.05 all bets are off.

GOIG - Up 425% Since The Guru Nailed The Bottom

The Guru continues to exhibit a prescient mind, an amazing ability to spot trend changes before they happen.  I do like to pat myself on the back every now and then.  Lately I've been catching these falling knives quicker than a juggler at the circus.

Back in late December GOIG had crumbled from a high of $.018 all the way down to $.0004 and it looked to be headed for $.0001.  There was not a bounce to be had and volume was increasing.  People were running for the exits.  That was precisely when the Guru called the bottom, and noted a quick 100% gain loomed.  Sure enough I was right.

A link to my blog post on the 26th of December

Let's have a look at the chart after the close that day:

It does not get much uglier than that, but just when you think it can't get better.... it does.  The stock has recovered marvelously and today's push to $.0017 is a reward for all of you readers who bought at the bottom and rode this stock up.  It's the least the Guru could do.  Give your selves a pat on the back....you deserve it.