Im not sure if any of you have heard of Talvivaara (in Finnish stock exchange). They are a mining company which produces nickel. They have been struggling a lot for few years and are close to being bankcrupt. I think they are not going to close the business as a big part of the shares are owned by the finnish government. Tomorrow morning they released news about their money situation from last year. They made over 600m€ loss. Over 10 times more than the year before. Link to their homepage: http://www.talvivaara.com/ Anyway, what I wanted to share with you that I have made over 400€ profit from their shares with only an investment of 500€. I have pumped and dumped the shares at the right moment and made 50-100€ profit from ever sell. I don't know about you but for me thats big!
Yes I'm familiar with them. A decent stock to trade with as the moves are big, though I'd never invest in it long term. I don't think they will go bankrupt since the Finnish government will keep pumping in money when necessary, but I really don't see this company ever being profitable. If the Finnish government would keep their fingers out of this, then I would short Talvivaara without a doubt.
Yes I don't believe in the bankruptcy either but I still wouldn't do long term investment in their stocks. But for a short term investment it is good. They dropped to almost 0.06€/share yesterday and are back to 0.08€/share today.
