GREY:FNKLF - Post by User
Comment by
Triggermanon Jun 26, 2008 11:37pm
377 Views
Post# 15235843
RE: Short Selling killing markets....
RE: Short Selling killing markets....
It gets tiring .... hearing so many uninformed people going on and on
about how shorting is killing FNI. IT's not.
FNI has an extremely small short interest , and most regular
investors or traders are not capable of even placing a short order on FNI.
Perhaps some insight from a more seasoned trader may help....
First off... try looking for the most simple explanation for the poor pps performance...
FNI is not presently profitable , during very high nickel and copper prices.
They have increased production , but until profitability becomes a reality (And not just
a few million in a given quarter) , the market will not ante up for FNI shares.
Secondly....and as I stated at the time.... FNI's last financing was a complete
and utter disgrace . Simply , an awful financing , period. (So many disagreed
with me at $1.95 when they pushed it through). That being said .... FNI did what they
had to do to raise the money they needed.
So , until the last PP deal is worked through the market , the stock will do what
it's been doing.
Again, personaly I feel the bottom is close , and I feel the number one risk
to an investment on the open market , into FNI is more PP's that dillute the
shareholder base , and/or the possibility of a reverse split that would leave
all existing shareholders screwed .... likely on a 20-1 basis.
Anyway, give the short selling b.s. a rest ... you're barking up the wrong tree.