Silver Wheaton Corp. Message Board
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I won't touch SLW at these levels, insane chart
http://clearstation.etrade.com/cgi-bin/details?Symbol=slw&Refer=http://clearstation.etrade.com/cgi-bin/details%3fSymbol%3dfrg
The gold stocks like NG and SLW are now momo trades and the charts are pointing to correction, it will happen in next 2-3 days
be careful, wait for this to drop 1.5-2 dollars some day, then you can buy 1/2 positionThis topic is deleted.-
Everything eventually runs out of steam.
The thing is, when?
I see $38 before I see $31, and I see both. -
It might go up $3 to $4 before it drope that $1.50 to $2. I bought 5,000 shares this morning and made a buck and a half on each share. That was half my profit for the day. So was I a sucker to buy? You cannot make money sitting on the side lines.
- 1 Reply to tburke1932
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I bought another 120 and yes u never know but I think
its a good bet. Dj.
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I just sold my slw and hl. It may go up higher, but I know at these prices more silver will be coming onto the market. Marginal mines will reopen ( not immediately) and no miners will be making deals to sell their future silver for $6 an ounce like slw was getting. This all leads to slw having to pay higher prices for new deals increasing their risk to falling prices. If slw was smart they would have another public offering. They could now get $32-$35 per share where as 4 months ago they could only get $17. If they triple earnings in 2011 they would still have a PE of 20. That is still a pretty rich PE in this environment. SLW is a good company with a great business model, but it has gone up too much too fast. Speculators could drop this stock like a rock. The republicans want the value of the dollar to increase, by balancing the budget and controlling government spending. A couple of strong dollar days could take this stock back down to $20. I would much rather take my profits now, take a breather and see what happens next. Good luck to all.
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I am wildly bullish on this stock, but even I am realistic. I would be a pig to be heavy long this stock. I actually took profits today and pulled out. Ill wait and see the numbers, and then see if I can get back it at a better price.
26 to 35 in 2 weeks is absurd and well beyond my best expectations! Bless this great stock.
But I'm out for now. -
I am wildly bullish on this stock, but even I am realistic. I would be a pig to be heavy long this stock. I actually took profits today and pulled out. Ill wait and see the numbers, and then see if I can get back it at a better price.
26 to 35 in 2 weeks is absurd and well beyond my best expectations! Bless this great stock.
But I'm out for now.- 1 Reply to cspanosmwc
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You want to see an insane stock? Check out AZO.
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