November 2, 2009
Base Metal Madness
Jinlin* Ji En Nickel Industry is another one of the top performing stocks here in China this year. The reversal in Ji En happened back in December 2008, long before the reversals in base metals like nickel and copper. Trend followers are sitting on 250%+ gains in this stock. You shouldn’t try to catch tops and bottoms; the best you can do is take chunks out of trends.
(* It should be Jilin Ji En Nickel, etc. but for some reason Bloomberg, and many other vendors, have the name wrong.)
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