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Silver Wheaton Corp. Message Board

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  • couplover couplover Jul 6, 2006 11:11 AM Flag

    Just shorted

    "The last time I shorted this it was just off its all time high in March -"

    The last time you came in here and claimed to be going short SLW went up or sideways for several weeks. Meaning you probably had to cover for a loss or B.E. You had the right idea but your timing was way off. What you see that says anything more than slightly overbought is a mystery to me. There is little doubt that the market will want to retest the lows from last month. So I suppose if you are willing to wait for weeks to be right you may do OK. Of course on the other hand had you had the foresight and mindset to own this stock rather than short it (and pretend to be bullish on PM stox) you could have bought it for under $7 and sold weeks later for a 30% gain. My guess is we will see lots of you now for the next few weeks bashing away and pretending to be in favor of longs. Your trading skills lead me to wonder why you are a trader and not a buy and holder. You seem to get the trades wrong based on your postings here.

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    • What?

      The last time I shorted this it went sideways for two weeks then fell off a huge cliff. You call that bad timing? I swing trade so that was perfect timing and a damn good trade.

      Meanwhile you were cheerleading at the top instead of taking profits off the table. Had you taken profits when I recommended it, you could have bought at the recent bottom. Your welcome for the call.

      One post and I'm already disapointed with the level of discourse on this board.

      I have no delusions about posting to influence the market. I try to share my thoughts with other traders to help them and all you can do is bash me for doing so.

      Why don't I leave the posting to the idiot cheerleaders like you instead of intelligent traders - a@@hole.

      • 3 Replies to wgfur
      • WOW It took so little time for you to expose yourself as the basher you are. If you like I can dig up the old posts to prove you wrong about your timing. It fell off a cliff months after you shorted it. So as I said you had the right idea but your timing was way off. As it appears to be today again as SLW has moved up since your short. Do not worry about me or my profits as I am secure in the knowledge that when I sell my SLW it will be much higher than it is today. When I can not say. I have never been a cheerleader and my posts prove that. Only a basher would even consider using that terminology. Furthermore how you took my post as bashing you is sad. All I did was point out the facts as history has recorded them. If the facts of the story "bash" you then maybe you are a tad paranoid.

      • He did the same with me. He wants to be the leader of the pack so who cares.
        He sucks, and more are getting to realise that.

    • And another thing. In March I posted when I shorted, but did not brag or bash once this stock dropped like a stone. I quietly covered and moved on.

      • 2 Replies to wgfur
      • Just a reminder, the search feature does work with the new Beta boards, so it's easy to look up past postings by individual. Your first posting to this board was on 4/12. On 4/14, you claimed to have shorted 5000 shares at $12.20 Canadian. It took about a month for you to see any real profit, so when SLW finally started to drop, you quickly covered your position on 5/17. So while you did make some profit on that short, you missed out on quite a bit more profit from the following month's drop. That probably explains why you weren't on this board last month, since you were probably kicking yourself in the pants for not having the true short conviction that it would go even lower.

        So now you're trying another short, and being that it's still summer, you might make some profit on this one, too. But that's the gamble you take when you play the short game - one bad call will wipe out quite a few good calls. That's why most people on this board don't waste time trading in and out. They have the conviction to make one call which is long-term up. They know there will be down periods, but that's just another opportunity for them to buy more.

 
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