EXPM:MBRTF - Post by User
Comment by
Schmobyon Jun 27, 2007 1:53am
175 Views
Post# 13003997
RE: Seriously?
RE: Seriously? Posted by: kensin (ID#: 218342)
Original Message:
You meant $2.40 There is no panic here. Just sit it out. Remeber 8 pools of resource, low cost turnover, built in market for the next 20 yrs , will pay for itself in the first year and a half from the first shipment. Longs just drool over this. I always sell in April and buy in August through January. So do a vast majority of PM stock traders. There lots going up and lots of shorts going down. It's all very normal.
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You always sell in April? Wouldn't you have missed the bulk of the run up in MBR then? As an overall strategy I agree but you have to be careful which ones you bail out of in the "off season". Just my 2 bits and observation of your statement.
I have been very lucky with MBR as I nearly sold out in Feb. after waiting a year.
I also noticed the LME warehouse nickel levels have been dropping a bit again. I would have expected the price to bounce a little to the upside.