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First Nickel Inc. FNKLF

"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."


GREY:FNKLF - Post by User

Bullboard Posts
Comment by nickeltraderon Aug 30, 2009 1:43am
252 Views
Post# 16261960

RE: Bullish up trend is intact

RE: Bullish up trend is intactYour posts lack credibility without sufficient argument as to why you think $0.30 is a valid target. Though I notice that you did at least lower your prediction to the $0.25-$0.30 range.

I have attempted to provide convincing evidence (in the form of an annotated chart https://img143.yfrog.com/img143/9706/fni.jpg) as to why I belive that $0.30 is unrealistic anytime before mid 2010. It would benefit your argument considerably if you could do the same (i.e. provide an annotated chart) clarifying what it is, exactly, that leads you to believe that this stock will more than double in the next 45 days.

The sole technical argument that you have provided is to draw attention to a rising price channel (one that I have also clearly outlined in my chart). That channel, if it should continue as it has, will not get anywhere close to $0.30 in 2009.

So again, put the name calling aside for a moment, and instead attempt to offer up a compelling argument for your as yet unsupportable predictions. There are no absolutes in stock trading. But, investment decisions should at least be grounded in reason. Plucking a number from thin air, based only on fantasies of riches, will not serve anyone well over the long term.

Bullboard Posts