Although I still believe that SLW is a relatively solid long term investment, I sold at the close when I saw that today's candle was a loney black one well above the upper Bollinger band. I've had these shares for over 18 months and the ride up from $3 has been great. Today's candle has historically been an ominous one which translates to the psychology having turned. I expect a significant pullback over the rest of the spring and summer. I'd love to get back into this stock when next it becomes deeply oversold.
A link to the chart... http://stockcharts.com/h-sc/ui?s=SLW&p=D&yr=0&mn=6&dy=0&id=p89538006860
You can see that the last such lonely black candle was back in January but the RSI indicator wasn't as high as it is now. This is really waving red flags now.
If I'm wrong, no regrets... If I'm right, I hope to be back again soon.
I'll hold the fraction of my original shares I bought after the pullback I warned of in the spring but I don't have the stomach for buying here nor the character to suggest that someone else should. I repurchased just a fraction of the shares I bought back at $3 and sure, I wish I'd held them all. It takes all kinds to make a market. Good luck to you and Silver Wheaton. It's a solid company.
This stock just gained 25% in 2 weeks. I would say that taking some of the table in the short term is a prudent move. We are definately in for some more upside but I would be shocked to see it keep climbing like it has.