TSX:KRY - how high will it go???

This looks like a short squeeze. Short sellers who short between the price of $1.50 to $2.00 is panicking right now and is currently buying back shares, which would drive the price to around $3.

However, I would think that if the price did past the $3 price level, short seller will definitely go all out to recover their shorts. In addition, with price going back to $3.00, this will restore investors' confident in KRY. Price may shoot to $4.00.

As well, watch the volume when it hit $3.00. If it's high, hold. If it's low, sell.

Crystallex has operations in Venezuela, ruled by a dictator, a risky place to do business. Do you remember Bre-X; gold stocks are generally overvalued and crappy stocks to own as pointed out by Kevin O'Leary on ROBtv. Gold is promoted as an alternative currency but how can it be when it's so loosely regulated. Aside from jewellery and industrial use it's a big scam if you ask me. The World Gold Council is a lobby group.

Transalta has a lot of debt, they don't earn enough to cover their dividend and interest rates are headed higher meaning anything that pays a fixed income becomes less attractive. TA is also trading near its 52-week high.

I would be careful owning anything in the energy sector as the run-up has already happened.

I've generally been a Bear when it comes to the stock market.