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Silver Wheaton Corp. Message Board

  • yourdeadmeat69 yourdeadmeat69 Oct 27, 2008 4:12 PM Flag

    It's not the selling

    It's the lack of buying.

    I suspect huge dumps by institutions that can't hold a stock lower than $5.00

    I also suspect many folks are going to ask for delivery of December silver contracts.

    There is only so much silver at COMEX, 1% on the dollar.

    I believe some are trying to break the back of silver investors.

    Well my buy is at $4.20, after selling liberal amounts of call options over the last month.

    I have another outstanding $5 at .85 pennies.

    When that time is up, I'll have $3.25 in this stock. And I'll sell another call for 65 cents after that.

    If this gets down to $2, I am going to double up and sell $2.50's against those shares.

    That's the plan, and this dump is not swaying at all.

19.95+0.44(+2.26%)Dec 24 1:02 PMEST

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