JBM jubilee mines nl

capitulation tomorrow

  1. mookie11
    3,445 Posts.
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    20/06/07
    02:46
    Post #: 2552165
    I have been shorting JBM for a while as I am very bearish on nickel in the short term. While I have been very much correct JBM has been by far the most dogged nickel stock refusing to give up much ground at all. Despite the fact I am no technical genius it looks to be trading in a tight band and last nights further 7% fall in the nickel price surely will tip it over into a break of support very quickly?

    With the nickel sentiment in the toilet JBM's fingers may just fall off the cliff in the next couple of days...
    JBM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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