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Great Northern Iron Ore Properties (GNI)

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February 08, 2011 – Comments (1) | RELATED TICKERS: GNI

This company in on the rise for some reason. Yall should totally go for this stock.

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#1) On February 08, 2011 at 9:11 AM, TSIF (99.95) wrote:

Go for this stock with an upthumb or a downthumb?

GNI is a trust that will expire in 2015. The only value is dividends. Current investors are gambling that demand for iron ore will continue to rise. Multiply out their current dividend by the life of the trust and residuals and you get less than $80 per share. The rise is because it's a low float stock and people are trying to dividend skim the end of March dividend.

IT dove from $150 to $100 when people questioned the math. It will dive down again when the dividend gets clipped for this quarter.

Someone will get left holding the bag. IF you are suggesting upthumbing/buying it, then I suggest you add fundamentals to your technicals. While technicals migh serve you if you're a very short term trader, fundamentals can help you identify the better options.

Good luck.

TSIF

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