To all longs love the company someone sold some shares today volume up there and cant blame them if you bought under 5 its time to shave some off and see if hold here or come back down lots of things point up.
How do you determine pullback? Percentage of adjusted cost base. Number of shares. Sold verses Buy price? Just wondering. This buy, sell and buy back doesn't work well for me and I'm trying to determine if I am doing something wrong. Thanks Vilmuchka Long SLW and silver.
I know you directed that question at someone else but here is my take on pullbacks, how to predict them , what to expect. The 20DMA has offered support for a longtime on SLW with only a couple of dips below. When SLW gets too far ahead ( about 15 % - 20 % ) SLW seems to usually come back to test the 20 DMA. That is the basic swing in SLW. Of course there are extremes beyond that but if one was going to trade or wait to buy that is the formula I would use. Right now SLW is over 20% higher than its 20DMA so a pull back would not surprise me however the longer we stay at these prices the higher the 20DMA moves and the less likely of a big correction. Sometime SLW ( or any stock) will move sideways till its MA "catch up". That said I am holding here as I have never sold a single share yet. Only been buying all the way from AMEX listing through to $5.75.