SMY sally malay mining limited

nickle smashed through $11000., page-11

  1. 4,659 Posts.
    lightbulb Created with Sketch. 14
    wrongway,

    referring to your earlier comments re: sale of nickle stocks. I don't think any one can argue with your rationale for taking profits. Well done - you've done extremly well on the IGO & MCR investments and who can blame you for locking in profits.

    I believe that "irrational exuberance" will take nickle stocks higher - particulalry those still drilling for new discoveries but on fundamentals, I agree they are overpriced.

    As long as you are happy with your profits, that is all that matters. I rode Western Areas from 56c to $2.02 inside 3 weeks and just had to crystallise the position such was the extent of my profit, and so I understand where you are coming fromFor those still "in", or about to get into the nickle story - good luck. And likewise for those who have taken the profits and gone home.

    The merry-go-round will stop one day but none of us know when.

    Nickle has been to these levels twice previously in the last 16 years but has pulled back both times. The move through $11,000 is significant but resistance at $10,000 previously must now prove to be sustainable support. Otherwise, the show is over.

    Disclaimer: I hold THX, ATX & TIR.

    Coop
 
watchlist Created with Sketch. Add SMY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.