GREY:FNKLF - Post by User
Post by
Triggermanon Jul 18, 2007 5:46am
407 Views
Post# 13106553
nickel in LME
nickel in LME Rose again overnight.
Now at highest levels in a year.
Last time they began to rise like this , stocks quadrupled in
amazingly brisk fashion as the flood of supply that was in private warehouses poured into the LME to capitalize on higher prices.
300 tons showed up yesterday, that's 10 standard transport loads dropped off vs. whatever was taken out.
There is unarguably a trend forming.
Keep in mind that the US is at record levels of vacant/foreclosed on homes and building starts are grinding to a standstill. Sure China is growing but the US is still the worlds major consumer.
FNI will not be a viable enterprise at ten dollar nickel ... will it hit that point... you look at the charts and make your
own interpretation.
Have a pleasant day ...
Oh ya , marketminer I truly cannot believe that you would
tell people it's too risky to employ a stop loss order.
I've never known a successful trader or investor that didn't employ this most basic of tools. You must be in your 20's .