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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Feb 20, 2013 8:39 AM Flag

    Max pain if you're long and fretting

    If you're long & concerned, I currently see the max downside in SLW as 9% but its been unbelievably resilient to further pushes downward. Combine this with the fact that silver futures sellers look to have been completely exhausted in a downward move started since October and the odds say if silver futures resist going any further down than 28.65 this week, there is a strong, strong possibility of a 10% rally in silver, which may represent 20% in SLW. Caveat: emptor: Odds are what they are, the odds of you getting struck by lighting however small still exists, remember that because even though odds say a reprieve is due ....well...exercise caution

    disclosure, I am currently short and look to reverse to the long side most likely today with tight stops. If 28.65 gives way $27.00 becomes a reality and i will reposition to get short again.
    good trading
    chemaes

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15.46-2.08(-11.86%)Jul 7 4:00 PMEDT