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Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit
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Post by Bigbird999on Nov 28, 2014 5:36pm
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Post# 23175871

Averaging Down

Averaging Down
Last evening I sent my FP/broker an email to buy another 2000. at $2.30 max  As I predicted he called me before market opening to talk me out of it.

Broker:  Are you sure you want to do this?
Me:  As sure as I have ever been about anything.
Broker:  Why?
Me:  Mainly because of very low downside risk and good potential to double up just as in the past.
Broker:  OK, but I advise against it.  There is an old saying......THE MARKET NEVER LIES...
Me: I bet that there IS NOT an old saying that.....THE MARKET MANIPULATORS NEVER LIE

He lauged and completed the order at $2.27.  And was probably laughing at me all afternoon as it fell to $2.15.  Pretty sure I will get the last laugh when it heads back up towards $6

BB


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities