KCN 0.33% $1.51 kingsgate consolidated limited.

short covering, page-3

  1. 397 Posts.
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    Quite a big move up for all gold stocks today, larger than the surge in gold would justify, got some PRU just before xmas and they moved 18% today!......I'm missing something, shorting stopped?, short covering? ...does not seem to explain the broad move, or is that it?

    I have no KCN at the moment, bought and sold some at approx 92cents before xmas (way to make a profit, my broker was happy though)I find this broad based move surprising and am trying to wrap my head around what it might mean.

    I'm a bit puzzled, comments and feedback please.

    DYOR, I like to gamble and make things up.

 
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