Silver Wheaton is a profitable company piling up cash. Day by day the new worth of Silver Wheaton is going up. So why is the stock SLW price and and market cap going down? The market no longer represents how a company performs. It is totally controlled to produce profits for the manipulators.
SLW disconnected from reality...story of everyone's life and oft lamented on the boards. I own way too much of it.
Once they beef up the dividend, the institutional funds will come in and it will be game on for this company IMHO.
Right now too many other options and ways to play PMs and silver is risky and volatile and a tough trade during the summer doldrums. I see a range-bound summer unless QE whatever they call it is "announced" and/or the dollar stays below 73.
Appears strangely similar to AGQ and SLV trends last week. Out of nowhere with no catalyst, huge onslaught of short calls started to appear... long story short come friday 4:32 pm: 1,000,000 shares of SLV covered after hours, and 4:34 pm: 100,000 shares of AGQ covered. All in one single block each. Approximate worth of shares at market price: $54,000,000.00 plus some. I guess this week they chose SLW as their target.