RE:RE:Buyers are out in full forceThis was an orchestrated takedown by Scotiabank and National Bank who on October 11th were concerned with "lofty valuations" as released the morning Q3 production #s were out. Boom down 10 %.
Then Scotiabank on November 2nd, changed their thesis to "Outperform" based on Q3 financials...
These bankers are NOT your friends. Never trust what they say or do. This was a take-down for these funds to buy in on the cheap around $ 15 CAD before earnings. Now we're over $ 17.50 that's decent profit on a more conservative stock like KL that is not so volatile like other commodity names. They have lined their pockets.
Now these same guys will push this to $ 20 where it should be after Q3. But this time their "Outperform" is the right call.
JIN
Terek8 wrote: look for the impatient hands who sold and bot at $18 will run to RBC target of $19 ...BNS raised taget to $17.50 while it said was slight expensive .....$19 is my non core shares to be sold