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Silver Wheaton Corp. Message Board

  • thegr8brian thegr8brian May 11, 2010 12:20 PM Flag

    Sell or Stay Put???

    SLW has busted $20.50. I have held this stock since Jan of 2007, and was absolutely stunned when it dropped to $2.50 in Nov of 2008. Had I sold in March of 2008, I could have picked up 10,000 shares at $2.50 and be sitting on a gold mine now.

    I am a firm believer in the power of the Precious Metals Bull that began in 2001, and I believe that they will continue higher in the long run, but I was burned so badly in 2008, that I don't want another repeat.

    With earnings coming in tomorrow, good or bad, should I "sell the news" today having ridden up the rumors, or should I roll the dice and see if tomorrow produces another up day??? This rally (in the DOW) is looking long in the tooth, and I believe we will see another dip to retest the 2008/early 2009 lows. I also feel that SLW will get sucked into that morass.

    Today, with the DOW below yesterday's close, we saw SLW up strong, but look at the last few hours, with the DOW up as well, SLW is on FIRE!!! This cannot last.

    What say you??

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