Jimbo
"Ride the snake - to the lake".
Punters are nervous. Subdued buying is the order of the day. I have been buying in but seeing the POPE as soon as suitable profit has been available. Right now I am a long term holder (holding more than one day).
While nickel is greater than $AU15,000/t, WSA is a massive BUY for any price under $2.00. Long term deals with SGQ and KDR also enhance WSA future income.
Picking the bottom is just a case of picking how bad the bad sentiment will get and how long the Chinese Nickel bluff will bluff the nickel buyers.
RED
WSA Price at posting:
$1.92 Sentiment: Buy Disclosure: Held