It appears that the Kilt is again tilting upward for SCCO.
Since the intra-day low of 26.14 on 3/20 the Kilt went up and down for 5 working days until it settled at 27.14 (+3.83%) at COB 3/26. Since 3/26, the Kilt has had a steady rise until, as I write this post, it's at 30.39. That's a 11.97% rise in just 7 1/2 working days. When will it achieve it's full rise in the near term ...... I don't know, but I suspect it may rise to 33.00 or 34.00 before it again droops.
What does this all mean to investors ...... nothing. Traders, on the other hand, stand to make some money as long as they know when to buy and sell (or know where the price is going).
So ...... what's driving this new rise? Who's read all the good news for copper and for SCCO?
I suspect that the rotation out of tech may have something to do with it. A lot of institutions that drove up the price of various tech stocks took their profits and left others holding the bag. Now they've moved on to greener pastures until tech bottoms and then they'll re-enter ..... just my guess.
Be very careful if you're a private trader of SCCO or you're likely to get stiffed.