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Silver Wheaton Corp. Message Board

  • gormdd540 gormdd540 Jan 3, 2013 3:07 PM Flag

    remember the good old days?

    when we broke 40 for a few days? Did anyone think that would have been a great short?? No lying,please!

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    • I tend to focus on the macro trends that are longer term. $40 was simply a yard marker on the way to a much greater "goal line". Each time I've traded a portion of SLW away, I've watched the price rise still further. Those that short must live their lives in front of their computers fearful that their losses might be unmanageable. I like to find a few 'good things' and await that longer term macro trend to bring the prize to me.

      • 1 Reply to moses_on_wall_street
      • I admire your patience,but I hate to see hard-won profits evaporate. Just checked a list of my SLW sales in last 5 mos. of 2012. I managed many sales at over $40, the best being at 41.56.
        I traded all thru the decline.and fared better than if I had sat tight.
        On Jan 2,yesterday, I sold out very close to the high at about 10 minutes into the open.
        THE PRE-MARKET FIGURES WERE WAY ABOVE THE UPPER BOLLINGER BANDS AND SLW WAS DUE FOR A FALL. Besides,I did not agree that one tiny step forward was worth that heavy a rally
        If you ever decide to trade,I recommend using a 5-day chart with a 5-day SMA. Just trade in the DIRECTION of that line. Backtest it and it is as dependable as any TA I know of. I use 5 other Indicators to confirm my decision.

 
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12.8685+0.2285(+1.81%)11:54 AMEDT