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Silver Wheaton Corp. Message Board

  • googleroid googleroid Nov 18, 2005 10:13 AM Flag

    that cnbc pump really payed dividends

    From what I have read over at the Gold eagle forum, option expiry for metals is next tuesday. This should put some pressure on the metals as there are quite a few Gold calls that are in the money.

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    • thanks for the heads up i appreciate you taking the time to explain
      happy thanksgiving
      long slw

    • js I get your meaning now a double in the profit collumn. I should never have doubted you. Regards

    • jc I agree on the leverage scenario as that is the route I too have taken. You may wish to review your post especially where you state a 40% gain is a double?

    • Johnny,

      Enjoying the ride.

      Give us another inside the park homerun silver play...please.

      Own, GG, MDG, SLW for about 3% of my portfolio..sprinkled with RYN, ACCL, SJW, AGI, , TSCO, SWN, WABC..others..

    • Ameritrade and E-trade will trade SLWWF SLW warrants for their usual commission. I have had no problem with making the trades.

    • "As an American, it is a bit difficult to buy the warrants as they only trade in Canada but some here do it so if you express an interest in them, I'm sure somebody else here will help you ..."

      Scottrade will make the trades for you. It cost me $31 to reclaim my Christmas money.

    • A "warrant" is a form of option ... it gives you the right to buy a share of the company at a fixed price over a defined period of time ...

      But the purpose of the warrants as far as we are concerned is that since they are priced lower than the underlying share, they offer leveraged trading ...

      In the case of SLW, a $1.00 rise in the "share" price from $5.00 to $6.00 is a 20% gain, happy days ...

      But that same rise in the "share" price will have the effect of moving the "warrant" price by $0.20 (5 warrants for a share) and the warrants price will move from $0.50 to $0.70, a 40% gain for a DOUBLE happy days ...

      It is a two-edged sword, though, as in a down market, a falling share price, the warrants get hit twice as bad ...

      As an American, it is a bit difficult to buy the warrants as they only trade in Canada but some here do it so if you express an interest in them, I'm sure somebody else here will help you ...

      The warrants are expected to be listed on the Amex around next July ...

      jc

 
SLW
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