GREY:FNKLF - Post by User
Comment by
Triggermanon Aug 18, 2007 4:14pm
282 Views
Post# 13267721
RE: proinvest. (wpgwpg)
RE: proinvest. (wpgwpg)
I hear what you're saying.
My personal view is that results should have been MUCH better.
Last quarter was absolute peak nickel prices...where's the 5 million they were supposed to show as profit?
Again, yes I crunch numbers alot , but I trade technicaly ... buying valleys and selling peaks , almost every day.
FNI is in a big valley now , I would definitely buy it at .75 or less and ride it to $1.00 for a quick 25% gain , but I would follow it with a very tight stop loss so my capital would be proteced against any unforeseen negative news.
I will never understand why they didn't cash in on $22 nickel prices with their high grade ore.....the low grade stuff could have been set aside ....they have all kinds of space to pile thousands of tons of ore. This was an absolutely huge management mistake in my view , and the sell off tells me that others agree with my thought
process on this matter.