This stock is outrageously priced....looks like hedgefund manipulation...hedgefunds are unregulated..do as they please market manipulators..just last week CNBC was saying "$50 silver is IMMINENT"...I wonder who pays then to say that sort of crap..hedgefunds? Silver is down 30% in one week...that is a crash.
Yeah, and it's all relative, considering the price of a lot of MAJOR stocks at that time. SIRI was a nickel at one point in that time, Ford was only over a buck, AIG was less than a quarter, etc. How many do you think are still holding shares from 2008. ELTP could be had for a nickel a few months ago, and zoomed to over a quarter within a month. All relative to the opinions of the shareholders, and what they think will become of their investments.
Hey cr^p for brains.... How about Apple on January 12, 2009 being $83.22 per share and today it is trading at $348.95. Makes no difference where a stock used to be. SLW had no business being at $3 in 2008 anyway and it should actually be HIGHER today....and Apple probably shouldn't have gotten that low either. Silver is down because the folks at the COMEX are manufacturing the crash via raising margins. Plain and simple. Yes, it hurts in the short term, but smart money is gobbling these prices up...and I do mean gobbling.
When the Silver stocks fell with silver moving up, it was just a matter of time for this fall. Coupled with all the upgrades (kiss of death)and the margin joke, and we get free fall. Where does it stop, they can take Silver into the teens and SLW follows down all summer.
Yes they can take the Silver to the teens but buyers will be backing up the truck...remember nothing has changed DEBT is going higher in US and the economy is tanking and while foreigner are buying like crazy gold/silver/commodities .....
America is done.....We have lost soul running this country..
Media doesn't talk about the huge shorts JPM and other have in this CRIMEX market....