WSA has dropped with the nickel price and been shorted too boot. This will be about the big shorts deciding when to cover as well. Its very helpful if the nickle price turns hard, but the shorts will start to get a little itchy. Nickel can drop more, but some of the action in that is already priced in. That is why turns come from nowhere or you get price action against a falling price after time. I remain a buyer on weakness under $2. I wont pick the bottom, but the chart and earnings suggest we are closer to the historical low than at most times over the last ten years. I am looking for a swing trade to enjoy when the turn comes. dyor
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