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Silver Wheaton Corp. Message Board

  • flight_level_350 flight_level_350 Oct 9, 2005 9:28 PM Flag

    Does anyone read the "blog"...

    over at truecontrarian.com? The most recent post shows the writer predicting a short term correction in silver to about $7.00 an ounce before making further moves higher. He correlates U.S. money supply figures to the rising and falling of metals. The Fed is apparently draining some of M1 that was injected into the economy in anticipation of a recession triggered by Katrina. Now that it didn't happen, metals will follow money supply to a short term low.

    Any comments?

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    • >> Anyone have the symbol of the warrants and the expr date and strike? <<

      Two different warrants:

      SLW-WT.TO or SLWWF.PK: CA$4.00 strike, expire 8/5/09.

      SLW-WTA.TO or SLWAF.PK: CA$5.50 strike, expire 11/30/09.

      Both are exercisable on the basis of 5 warrants for 1 common share, so you have to take that into account when determining their values.

      Dopp

    • Always use the company web site for that type of info, it is very easy to find ...

      http://www.silverwheaton.com/stocks_and_warrants/

      I also trade the Goldcorp "C" warrants for the same reason of the leverage to the underlying stock ...

      REMEMBER ... the warrant leverage is a two-edged sword and hurts you more if/when the underlying stock drops ...

      Good trading ... and please get into the healthy habit of spending some time on the company web site of every stock you own or plan to buy, and although it is sometimes biased, lol, it is a wealth of information and one of the first places you should use in your DD ...

      jc

    • Been enjoying your discussion this morning.

      Anyone have the symbol of the warrants and the expr date and strike?

      ALso sides SLW what is another leveraged play that you guys like??

      WTZ?

      Regards and thanks.

    • Warrants are for leveraged trading, they are NOT for redeeming ...

      jc

    • Unfortunately they just trade on Toronto ...

      Last July, when the shares started trading on the Amex, Telfer said the warrants would be added at a later date, but how much later ... ???

      The CC for the SLW financials will be coming up in 3 weeks so remind me and I'll ask Telfer myself for all to hear ...

      In the interim, I hope somebody else here can offer a suggestion ...

      Regards ...

      jc

    • Canuk,

      I thought you were calmly discussing this with couplover also...I thought your comment to him was the same my father always said to me...it's easy to buy stock, it's when to sell, that's the hard part. But he seemed to think you were poking fun at him...and that's a shame.

      Let me ask you another question about SLW, specifically about the warrants...are they traded on any exchange other than Toronto? When I bought SLW it was only traded there and Scottrade charged me nearly $75 to buy the amount I bought, instead of their normal $7 commission and I was told it was because it was traded in Canada only. I got mine at less than $.56 per share and after trading it, my basis is less than $.45 a share..so I'm quite happy that I bought it. It's just the accountant in me that doesn't want to pay more than $7 per trade on the warrants.

      Any idea's? Thanks.

      Live and learn...

    • When to sell ... ???

      As I though I was calmly discussing with couplover, it is not the method or the investment strategy that determines one's investment success, it is the ability to "sell" without fear and without regrets ...

      I am disappointed that he took it as a personal attack on his investment methods instead ...

      But I digress, lol ...

      Short term direction for SLW ... ???

      Since SLW is such a pure play on the POS, the question becomes, what is the short term direction for the price of silver ... ???

      Personally, I suspect we are coming near the end of this current rise, too far too fast ... but who knows ...

      I'm not sure how much SLW you have, but if you are a bit hesitant, maybe put just 20% to 35% or whatever portion you are comfortable with up for sale at $5 and see what happens ... if it continues to rise, happy days, and if it falls then happy days again as you can buy back that 20% to 35% cheaper and pocket the profit ...

      Several posters here have suggested holding half and trading half and that sounds like a reasonable strategy ...

      Good trading ...

      jc

    • It's a shame what paranoia can do to a person ...

      Good fortune ...

      jc

    • Yep, I highly recommend every shareholder spend some time on the company web site, add it to their "favourites" list and revisit every couple of weeks ...

      And not just SLW, but that should be standard operating procedure with EVERY stock one owns or even seriously follows ...

      It never ceases to shock me the number of posters who have never once visited the company web site ...

      Good trading ...

      jc

    • does truecontrarian simply mean whatever goes up must come down???

 
SLW
20.95+1.08(+5.44%)Apr 29 4:02 PMEDT