Will there be big profit taking when it clicks off at $40?
There is definately going to be some resistence at $40. There are a awful large number of traders and momentum traders in this stock. However, it will eventually break $40 and move much higher. With the ECB, Fed, BOJ and China printing money like crazy, IMHO, SLW goes much higher. Good luck to all.
totally frustrating, but this is gonna take time, cant believe how foolish one is to sell this stock here, SLW is the mercedes benz/bentley for silver investors....earnings this period will also rally the stock.......I see silver back to $47, nothing is gonna change this huge global mess.......
I don't reccomend selling ALL,just a part.By selling near the open today,I now have a chance to buy back at 2% discount. So, I made that last 2% of profit, and now,buying in 2% cheaper, I will make that same 2% a second time! Thus making double what I would have made just holding.
look at todays chart,and plug in 5ma...when it is dropping sell into the rally.Also watch XAU,HUI,GLD GDX...they were falling like Niagra falls right after the open today...those drops are caused by the BLACK BOXES...get out of the way.