Hello viper;
PDG has always reacted to the price of gold, for PDG you should pull out two charts, one for PDG and the other for ABX, then go back two to three years, well Jan 96, will suffice, when gold was over $400.00/oz.
Follow their respective patterns, you will begin to see that PDG deteriorates farther than ABX, then ask yourself why??
They each will ebb and flow with the POG, now if you were to look at KRY's chart, it has run totally independent of the POG???
Just another thought, with a possible 6,000,000 declared and undeclared shorts now outstanding, "if" there was a halt on Tues, of next week, and then "if" they get the favourable ruling, where do you think the shorts will begin to cover???
If the trend begins the week as we ended it, this stock will be seeing a new high going into Tuesday of next week, now we know that if there is a negative ruling, KRY will drop to most likely two dollars per share, maybe less or more?
So if what I have stated comes to fruition we could be going into a halt with a price say around, $12.00 -13.50/sh, now the halt, if it is positive, where are you going to cover, my bet is you won't see any offers less than $20.00/sh, so just how far will the shorts carry this??
With regards,Frank |
