Stock markets closed but copper is rallying... Up 3 cents!Another big gain today for copper and all the markets are closed. I wonder what Capstone is going to do tomorrow. I'm guessing since we broke $1.5 on Friday, that we will definitely see this soar next week to $1.75.
It'll likely hit $2 by the end of the month, but hang in there. If copper continues to rally through October then this will likely hit $2.5 - $3 when Capstone releases earnings on October 31, 2017.
But what we are really looking for is for the Copper price to stay above $3 in the new year. Because the unhedged earings report in April will send this stock over $3. And if copper keeps going up, we could see Capstone @ $4 a share by next spring.
It will take time, but it's coming.