This stocks update was issued last Friday, March 23. It’s about Nickel Asia (NIKL) sell advice from the club. Below is the detailed information from Bo.
Today, I’m asking you to sell it.
Let me explain. The reason why NIKL shot up was because Indonesia issued an export ban for nickel. So that leaves the Philippines as the biggest nearby source of nickel for China. So initially, we suggested that you hold NIKL because we feel it’ll go higher soon.
But after much thought, we believe that there are better places to put our money—because of one reason: China’s growth may slow down—and its hunger for nickel may slow down too. (Obviously, no one can be sure of these things. We can only guess.)
We’re not saying Nickel Asia will go down. (Gosh, we could be totally wrong and the price go even higher.) Nickel Asia’s future is very bright. But because of other options available to us, we can sell NIKL now and transfer our money to other recommended companies (such as MEG). Perhaps in the future, we’ll recommend that you buy NIKL again.
May your dreams come true,