i spotted smy starting to breakdown last week and have been shorting it. smy looks to be the first victim which is interesting since it was the leader of the pack (mid tiers) for quite a while till igo stomped all over it towards the end. even wsa got ahead of it. mre looks a tempting short.
i am wondering what a modest 20% nickel spot correction back to 20 will have on the shareprices. no doubt an over reaction will occur. profit taking, followed by fear and then outright panic the nickel party is over = great buying op in the weeks and months ahead.
spot nickel down 1.5% atm
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