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Silver Wheaton Corp. Message Board

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  • guerryellen guerryellen Apr 22, 2008 4:19 PM Flag

    RBC and History

    Chem: Thanks for the tip. Unfortunately, I went "all in" this morning. I was feeling rather pleased when I went to lunch, but it started back south before lunch was over. Whew - what a market!

    I might have saved a few bucks if I had seen your take on RBS BEFORE I bought. One more woulda, coulda, shoulda, but all will be OK in due time. Anyway, again thanks for sharing.

    . . . GEJ

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    • You're welcome guerryellen.

      I hope my interpretation is wrong as I have a rather large core position of SLW that I've accumulated over the last 3 or 4 years - that, I never sell.

      As the saying goes, I've just learned the hard way, I mean the real hard way. Where once I would say: I know Silver should be going sky high; I know SLW earnings should be incredible; I know there is no better mining play than SLW if I believe silver is the most undervalued commodity...I've been taught its really the insiders who are in the know and I only think I know.

      As small as the sale was by RBC, it just defies reason to me that they would sell this close to earnings for absolutely no reason. Remember, with good news "buy on rumour, sell on news" RBC shouldn't be selling until the day of the news or close to it. 900,000 shares as small as it may seem is still $14 million dollars. It doesn't hurt to follow what 14 million dollars is doing, if I am actively trading.

      Also, the dominant market makers like Genuity/Orion and GMP weren't exactly offering support to the price.

      For the record I'm banking on the fact that I believe 3 or 4 years from now, on a undiluted basis, the share price will be above $80.00.

      Good trading.

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