NUTS Nickel stocks
I am also bullish on nickel stocks. I think this metal has the most endurance of any of the base metals over the long haul. Maybe it is the combination of the many uses of the metal where it is hard to substiitute and the fact that nickel sulphide deposits are so hard to find in quantity.
Back over 20? Is this merely a technical bounce? Maybe, maybe not. Only time will tell. I think nickel will continue to trade in the 20-22 range for the rest of the year. It took a general base metals market downtrun, the subsitution cycle to start again, and a LME rule change to pull nickel off it's highs. Nickel's a lot tougher than people give it credit for.
Cl001 is a great swing / value trader with really good market timing who really likes to be right. And his track record speaks for itself. If your looking to maximize your returns and time the market, a great buy at the high can easily turn negative much lower if you think the trend is still negative and you see much great opportunities elsewhere trending upward.
I think I tend to be more like you and stay with the long term value and wait for it to be realized. Part of that is because I cannot follow the market during the day. If I could though, I would also be trading in and out of stocks a little more based on what the market trends were doing.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
