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Silver Wheaton Corp. Message Board

  • langdonsmith langdonsmith Aug 5, 2010 12:30 AM Flag

    After earnings. Where? 22+ or 17+

    Where does everyone think we are after earnings. A retest of old highs, new highs or a retest of $17.70, or a lower low? I believe they are going to have a good qtr and set the stage for a run to the high 20s, but belief and hope are no investment philosophies. Interested in thoughts. Regards.

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    • To prove my point, I quickly have 3 ratings and two responses from him. It's late at night, and almost no one else has posted. draw your own conclusions.

    • There's a real mean spirit who likes to spit one stars over everyone who has a different strategy than just going long and sitting like a fart on a log.

      Some of us play on the wild side, and have to hedge a bit because we have to eat the proceeds of our plays.

      Most know I make a meager living out of selling out of the money options every month or two. Apparently some need to be reminded there are many ways to make money.

    • Tracking so far. Any last minute thoughts? New highs?

    • I bought a bunch @ $12shr in October of '09. I leave that alone not knowing where it was going at the time. It's still untouchable.I have play money for those needed shots of Feel Good!

      Like yourself, I'm wondering where we'll be when we report Wed 8/11. I have a hunch we'll be well above where we are now, after the cereal box shakes out and the traders have had enough. There's so much buzz about silver now (Silver's always big during a war..take your pick), a really nice showing on Wednesday could see us settle in the high 20's (which we reached intraday Friday) or $21 shr.

      Always have your play money to satisfy that "Need"..but if you get a chance to buy a large amount @12 or low teens, put it "on the shelf" and Never sell. Those are my thoughts, sir, and Good Luck To You!

    • 20.77 close the night before earnings. $22.75 new high one or 2 days following.

    • I bought a lot of this stock @ $3.85 in Dec '08. I still own most of what I bought. If it trades up to $22.00, I will sell short-dated at the money calls. If it trades @ $17, I will buy short-dated slightly out-of-the-money calls (19's in 2 months). In other words, I think this stock is range-bound, and a wonderful opportunity to play it from the long and short side without incurring capital gains tax from the original investment.

      I would like to thank all the thoughtful contributors to this board (you know who you are). You have taught me a lot.

      As much as I love this stock, I cannot get past a PE of 42. That is too high. GLTA

      • 1 Reply to backinthecity
      • The PE of 42 coincides with a royalty company, not a mining company. Don't be misled.

        You are correct with being range bound for the next 90 days with upward bias. I'd buy on any weakness, and sell slightly out of the money calls on strength.

        What I do however, is sell in the money calls on strength, and set a lowball buyback price. I sold August 19's for a $1.37, and will buy back near expiration at some price south of that number. If over a dollar, I sell a Sept 19 and 20 fifty fifty, immediately. If lowball number, I will set a higher sell price, and swing "naked" till I get my price.

        Making 25-50 cents per month, on 30K shares, is a living.

    • Earnings have been immaterial to date, simply because schedule has them doubling output by next year.

      I'd look more to the POS every day.

 
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