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Tuesday, February 15, 2011

Dumont Nickel (DNI) alias DNI Metals Inc. (DNI) hit hard on the Toronto Stock Exchange Market

I had been a long time investor of DNI Metals Inc. (DNI). Back in the time of my online stock trades, the company name was Dumont Nickel (DNI). Inside my online broker day trading, I was holding 23 000 stocks of DNI at 3 cents per stock (690$ investment value). Following what, the company had went through different changes. Among other, there's been that 8 to 1 fusion, leaving nothing more than 2 875 stocks as tiny little investment value (but I won't complaint, it was my choice to invest in Dumont Nickel (DNI)). DNI is now from my TFSA.

So far, I had never been able to make some money out of my stock investment in DNI Metals Inc. (DNI). The best thing would had been to sell following the 8 to 1 fusion. Initially, my stock investment in DNI Metals Inc. (DNI) was supposed to be a hit and run: a quick buy, for a quick sell and a quick gain. But gains never came...

It's a good thing I didn't sell DNI Metals Inc. (DNI) because new developments are on their way. And ta-dam... today, just like magic, DNI Metals Inc. (DNI) gains a fantastic 34.62%!!! DNI closed today at 0.175 cents. Good, but not good enough to make a profit out of the stock investment.

I am holding DNI because I had been holding the company in my online future trading broker for quite some time now, but this is not a BUY recommendation coming from my end for online investing. Not that I don't want to promote a company that I hold, but it's been a very long run with DNI now and no money made. But the company is to be watch. The company may experiment more sustainable result in the months to come. While waiting for that time to happen, I will still hold DNI.

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