price volatility.

In all the handwringing ,sell or hold ,we are all ruined ,style of approach,with the exception of reasoned contributions by posters such as orlando G and capman,let us get real.

1.remember Jinchuan have got their foot on 11.03 % at 80 cents (thanks for coming).Any reasonable person would think that at 80 cents there is a strong support price level.Imagine the loss of face by Messrs Jinchuan if the price went to levels of 50/60 cents !!!!.The Committee for Price Control of Foreign and Overseas Share Prices (only kidding) would have a fit.

2.Could there be a wink wink nod nod "agreement" which kicks in at that level of around 80 cents ????.Only exploring some possibilities which may or may not exist.

3.So far Ihaven't seen any reported selling by major shareholders such as Jinchuan,Lion Selection Group-6.3%,ANZ nominees 6.2% and management 6.2%,although Iguess a little hard to tell for the latter.

4.Even without the current gyrations of the nickel price would the AGM price have retreated anyway??.Look at the share price rise since the beginning of January 2007.

5.From an elliott wave perspective are we in a wave 2 or wave 4 corrective to be followed by 3 or 5 ascending wave???.

Time will tell.Bought more at 83.5 .

Your comments .