nickel up, page-6

Nobody picked the drop in commodities, and all of them fell (not just Nickel). As I recall there were a number of experts pricing in an Oil Price of $200/barrel by now.

So I wouldn't judge anyone by a failure to predict the commodity price.

Anyway, I was only showing that the price was not as volatile as some were saying.

As for WSA, it fell by 73% from highs of $11.80 to a low of $2.80, currently $3.80 (+35.7% from its low)

IGO fell 86% from a high of $9.20 to a low of $1.30. Currently at $2.09 (+60.8% from its low)

ALB fell 98.5% from a high of around $5.10 to a low of 7.5c
It is currently at 18c (+140% from its low)

So, which one is performing the best on the uptick??

After returning to their recent highs (all three securities have a similar pattern over the past week with a high followed by a downturn with the suddenly lower Nickel Price):
WSA will have put on 11.8%
IGO will have put on 18.8%
ALB will have put on 47%

So who is going to make serious money on the uptick - remember, all three are following the same Share price pattern, more or less tracking the Nickel SP. (now back where it was when I last posted, but had risen above $5 in the interim).

Yes, people lost a lot more money on the ALB fall, but they will make a lot more on its rise. So if you didn't lose on the fall, you could make a real killing by taking the profit on ALB's precipitous rise.

Robert