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Silver Wheaton Corp. Message Board

  • goodx998 goodx998 Oct 13, 2005 10:54 AM Flag

    Today's Action

    Anyone care to comment on today's action with SLW? Consolidating here before the next leg up? Looks like a good buying opportunity to me. Thoughts appreciated.

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    • It's a tough call when to buy if you try to time the dips. Maybe SLW will be $4.10 by next week or maybe it will be $5.10. NO ONE KNOWS. Anyone that tells you they do know is a liar. This stock was due to correct and consolodate. It is doing that. There was a pretty big gap up from 50DMA. Add to the mix that the PM's are weak today. I guess what I'm trying to say is if you are buying SLW to add to a portfolio of stocks to hold than today is as good as any to buy. If you are trying to make ST profit by timing the moves you will need much more analysis than this or any board can provide, plus some luck, and a whole lot of skill. Traders ( despite what some may say about themselves) are risk takers and more lose money than make money. Leave trading to the pros IMHO.
      Hope this helps.

      • 1 Reply to couplover
      • "It's a tough call when to buy if you try to time the dips."

        Traders do not "time" the dips, they "buy" the dips ... if it goes down further, then the position is re-evaluated at that time and the trader either buys more, holds, or sells his position and moves on ...

        There is no "timing", no trying to pick the "lows" or the highs", there is just "trading opportunities" ...

        You are not a trader, couplover, and you do not understand how to trade nor do you understand what a trader does ...

        "If you are trying to make ST profit by timing the moves you will need much more analysis than this or any board can provide, plus some luck, and a whole lot of skill."

        Nope ... once again, you do not understand the concept of trading, it is not about trying to "time" the price, it is about seeking opportunities within the movement ... it does not take any more analysis or luck or skill than a "buy and hold" approach ...

        "Traders ( despite what some may say about themselves) are risk takers and more lose money than make money."

        Utter bull ... !!!

        Traders are move averse to risk than "buy and hold" investors, there is great comfort in taking short term profits and avoiding long term losses by being in cash most of the time ...

        It is the long term holders that take the risk, just look at the ones ruined in the tech crash, it was not the traders who got out, it was the long term hold guys that got creamed ...

        I have no problem with anyone who prefers a long term hold strategy, if that is what makes you money and lets you sleep at night, happy days ... but please get off your unsupportable pedestal and stop preaching ...

        jc

 
SLW
24.38-0.63(-2.52%)4:03 PMEDT

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