what is the real nickel story, page-4

Ok, so a few days later, the PON is almost $12US, aussie a bit stronger though, but nothing like the appreciation in Ni price.

WSA has been lagging the move, I could speculate that shorters have been active again, anticpiating a pullback from run over last few weeks, or could simply be prifit taking, haven't kept an eye on the daily short sales data. Tuesdays data was only about 65k shares of about 900K traded.

If there is a lot of shorts open, this move to $12 for the PON may cause the shorters to run for the exits over teh next few days, if indeed the PON remains at these levels, and enough shorts are open.

If the PON continues this way, WSA will be making good cash this year.