If you installed it correctly and....
" my gauge hops up and down and doesnt show it running rich at all even though its supposed to when its cold, right..."....PRO5090GT
What is supposed to happen is that upon initial cold-start conditions, it will immediately drop off the scale in the lean, then within a few seconds it will drift into the rich, kind of bounce a little, then once the O2 sensors warm up and the engine switches into closed-loop operation it should bounce in the mid-range...sometimes a little lean, sometimes a little rich. When you hit the gas, it will go rich. When you let off the gas quickly, it will go lean.
This is all assuming that all sensors, solenoids, computer and what-not are working properly, proper tune, adequate fuel delivery, and so on. Too many times people are posting that those A/F ratio meters are a POS, not understanding that all it is is a voltage meter with a pretty light display. So if it isn't reading the O2 sensor voltage you think it should, then perhaps there is something wrong with the sensors or your tuning.