The way I see it. Generally, every single stock retraces after a rally is complete. This is the 6th retrace in KNL since the drilling program was announced and there will without question be many more rallies and more retraces years into the future. KNL swings strongly at the moment. Recently .36-.62 cent swing, .62-.46 cent swing, .46-.65 cent swing, and this latest .655-.46 cent swing. Personally, if I concentrated purely on daily SP action, I would be experiencing elation and panic cycles twice a week. The facts are that all news released to date has been excellent, so a very successful program so far giving valid reasons for overall SP rise. MC has plenty of room to grow from this point as the project becomes further derisked. Is there anything negative on results to date with regard to, grade, flake size, MET and quantity? Until there is, SP should keep trending up as it has been.
KNL Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
