Royal Nickel Corp. RNKLF

Churn and new base

[Notgnu]

My take (and I have built a decent size position here) is that a lot of nimble traders jumped on this stock early (before me) and have done very well. Many of them have been in and out of the stock many times, yet all the while the story is getting more known by investors who care to understand what this deposit is in relation to the all other known deposits.

Many early traders don't care about the company or what it has or what it is. They shoot first and ask questions later. They usually hate all companies and think that they probably all are overpriced or scams (often they are right) so they would rather bail when they have made an easy profit. I think this explains the volitile movements more than shorting. These are anxiety trades. Now that everyone has digested the discovery, and buyers who are willing to hold to see the story play out have stepped in, it is building a "base" of support as the technical people like to say.

There will be more games played but best to avoid the noise and accumulate on dips. This is real in my somewhat knowlegable opinion (but, as always, decide for yourself and acknowlege the risks associated.) GLTA .