Interesting Day AheadIt has been a great week for shareholders of Kincora Copper as we have seen the share price break out from the mid $.40's where it had been consolidating for 8 weeks.
After such a good move it would not be unexpected to see a little profit taking but that could have happened yesterday as well and the price held while at the same time adding strength to the bid.
This stock has been shunned for so long for so many reasons. Even after this break out it would be hard to characterize it as being "back on it's feet". In my opinion it has just got "back up on to it's knees" after being flat out on it's back and to some, left for dead.
There is still a long way to go with Kincora but it certainly looks more promising with every day.
So will there be some profit taking or will buyers be more than happy to take those shares and more as they continue to see the value and future potential?
All I know for sure is that you won't be seeing any of my shares for sale at this price level!
Happy Days
Chipshot2