First Nickel Inc. FNKLF

RE: Triggerman

[Triggerman]

I think you might have missed the boat , for now , JimEdmonds. I can't say for sure if FNI might breakout to the upside....they could find some spectacular grades or maybe pull something else that's very positive out of their sleeves. But the low risk trade was buying in the low .70's and selling for your 20-30% . See, today FNI is down close to 5% on profit taking , buying here is definitely higher risk than at .72 cents. I wouldn't be buying in the .90's , as the recent pop was probably just a small up move in an overall downtrend. But, as you know I am a short term trader, not long term investor. People around here all want to talk about FNI at $2, $3 , $4, dollars/share. (Not going to happen). But for the patient and non-greedy , FNI is liquid and predictable enough to let someone take 20-30% gains with little risk , a few times a year. I still maintain that the TSX will be in bear mode through xmas. It won't drop to 11,500 in a strait line , but will most likely trend there. FNI's recent gain was ONLY DUE to the TSX's 7 day bounce upwards. I would be in cash this week , or shorting select stocks. The analysts will tell you to keep buying this dip , keep buying anything and everything on the TSX ..... same thing they did during the tech bubble.... we are in the early stages of a larger bear market .... learn to short or only take short term trades right now. FNI is not going to be safe during a TSX-Bear attack.