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Silver Wheaton Corp. Message Board

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  • vivrant1717 vivrant1717 Nov 8, 2010 9:38 PM Flag

    You idiots, it'll be down hard tommorrow!

    bash all you want, we'll see who's right at tommorrow's close, and then i'll be back once again next friday to refresh this thread.

    i trade charts first off, but i do my research, and like i said in the original post, i'm not predicting some doom-and-gloom for either silver or SLW, however, given a lackluster earnings report and technicals that are the showing the most overbought conditions in SLW's history (or at least the last 3 years or so), and given the NAV-based valuations most fund managers and hedgies are willing to place (and own) metals stocks at, you can be assured it'll close RED tommorrow, and most likely be down around $31 by next Friday's options expiration.

    Oh, and silver ain't going up to $30 tommorrow or in the next week.

    My chart suggests a pullback to $26, and perhaps down to $25 by options expiration next week.

    enjoy and GL either way (whether you're bashing me or agreeing with me)

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