If this stock was such a catch it would never reach these crazy levels, if its such a great buy then why dont you mortgage your house.......put the money where the mouth is. If the nickel price takes a turn south to $6 per pound like manny investment bankers predict then you can probably say good bye to the nickel profits. If it was truely the bottom in comodities then why is the price so volitile..... The asx even though volitile seems to have some level of stability.
Its very strange how a handful of shareholders think they know more than thousands of investment bankers, directors, geologists around the world. Most of the time world govenments know the direction of the economy, they just dont want you to panic. I was tipped when nickel was 28k per ton that it would fall back to 18k or even 13000per ton short term. This information came for directors of nickel companies and investment banks.
By the way we will mirror the us (housing crisis) within 5yrs if interest rates are lowered..... (hold me to that).
OZL Price at posting:
$1.65 Sentiment: Sell Disclosure: Held
