I still cant believe how much of a blessing this stock is...and i dont know y im talkin in an empty forum...i need friends on here that have kgn to soak up the riches
KGN is my favorite Junior and have owned it for 3 years...The plus on this stock is the company's excellent management who keep stock liquidation to a minimum and adds ounces for minimum cost....Ghana is also a plus...I wouldnt be surprised if this was a $15 Stock in a couple years at the rate they are adding ounces and all the property they hold
wow nice info...it reallly helps...I am looking at other miners also....I currently have small plays in KGN, TGB, and Im spectating on a couple....what other short play do u think is a money maker? Im thinking gss, vgz, ngd, plm, and chip<which is a tricky one>
I have tried shorting here and there, but with only spotty success, which means I'm probably down if I stop to sort it all out.
A couple ideas for your short candidate list are (1) MCO - Moodys (David Einhorn is short and Warren Buffett has been reducing his position, and (2) any homebuilder.
The problem is that the Fed is trying to reflate the economy, and a lot of the money creation seems to be finding its way into stocks. So, you can't go on straight economics.
I honestly do not know why this stock moves the way it does...i got it after spectating for a while. by that time price moved up 2 dollars....I do know this tho....that large upswings occur and go unnoticed atleast in this forum...what do u know bout this stock?
What I know is next to nothing. Even when I see a positive-looking report on most of these miners, there's oftentimes some catch that queers the whole thing. But, what I was hanging my hat on was the compilation from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts furnished to Kitco by Bill Matlack. Keegan is one of the few top-rated stocks you can buy on a domestic exchange.
The juniors are in the first link. If you haven't seen these before, they're updated weekly at Kitco (link below):
By the way, I apologize for buying today. I practically top-ticked it myself, and naturally, killed the momentum for everybody else.
Shhhh. Quiet. You might wake everyone.
Seriously, I just took a small position this morning. Got any idea where KGN could go? I don't have any info (well, very little), so it's kind of a flyer for me.