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Silver Wheaton Corp. Message Board

  • elcaribes elcaribes Dec 4, 2008 1:38 PM Flag

    Next Stop $6.00

    A little profit taking today is normal. From yesterday's low to this morning's high SLW was up 22% in less than one day. Stay long and buy more on this dip for minimum of 100% gain over the next 60 to 90 days.

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    • We had some daytraders or short term trading groups come onboard yesterday and today. They bought yesterday and pumped more today, then they covered some profits. They are trying to lower the price now, but need to do another pump, and it should be soon, any positive news, and they will try to bring this to six dollars, but the really good news is that it will establish a 5.00 base. We know that this is a company that will rock in the next year, pure fundamentals will bring great reward.

      • 2 Replies to newscentral2002
      • I agree. I have been playing SLW for 2 yrs, know the cycles. Knew it would take a hit with profit taking after today. It gave many with short postions the ability to cover on the cheap. I do believe you had some call writers/sellers into the fray as well, to bad for them, they will be paying soon enough. Today was just a shakeout so the big players than are consolifating could get the stock and the call options for cheap. Stock is in stronger hands for it and will cause the stock to make a higher move when the move gets under way and looking at the call buying that began late last week and through this morning, it will make it's move soon.

        Call buying activity spiked over 1000% average volume monday, that shows a big move is in the works. I expected consolidation at some point bofore the big move upward. If you bought of covered on the dip today, then smart move. Big players are loaded up and the MM will drive her up past $5 and do it at soon. The RSi is now back in the pwer zone and the CCI cooled off so we know have thee room to make the big move. On it's way and the short will be covering at higher and higher prices. Enjoy!

21.39-0.86(-3.87%)Sep 19 4:07 PMEDT

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