HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: SHORT

Re: SHORT/again, get real

posted on Dec 14, 2007 05:00PM

"Ask any seasoned investor and they will tell you that with assays pending coupled with the past NR, this stock is not the place to be short. Certainly not overnight, and especially not over a weekend, you could get burnt something fierce."

I can't count the number of times that I could have sold NOT and been back in for the better. NOT has offered numerous pullbacks for opportunity. I don't think the shorts have had too much to worry about nor are they likely to. After NOTs initial climb in Sept/Oct., it's been a series of ups and downs with little to worry about, except for those on the sidelines wishing that they would have had then nerve to sell and move massively ahead in their NOT position. Could one "miss the boat or train", sure, but the odds are that you can jump back in and play the ups and downs to advantage if you do your DD and play with a cool head. The players are doing exactly that while the "longs" coddle each other along when things get tough with comments about getting caught out to bolster their optimism. Having said that, there is nothing wrong with holding long and not playing the dips, which presently is mostly what I do. I have also played the peaks and dips to advantage. It is a personal decision one makes based on comfort levels. My point is that people shouldn't trade with the belief that going long is the only way, for fear of missing the rocket to the moon. These occurrences are rare.

I believe that NOT will bring wealth to many individuals, however, it is not a straight road from rags to riches. The above quote is filled with generalizations and assertions offered with the best of intentions but not based on any specific evidence. We just received what I consider to be a good N.R. and ,under the present market conditions, look how it was responded to. In the long term it will support the S.P. but N.R.s are not always directly proportional with regard to the S.P. in the short term. The above quote is a possibility which I also respect in consideration of my trades, but one must ensure that it doesn't rule your approach to the exclusion of all else. At the least it can stop you from having fun trading ....and from living..... simply my opinion.

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