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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Nov 20, 2013 3:15 PM Flag


    Had to reverse the fib tool! It hit the 162% fib

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    • Nov 20, 2013 6:54 PM Flag

      anyone holding on to SLW? I'm taking a loss here. What is causing it to drop so fast if there is supposedly a huge expansion coming? I am not an expert and I just need some advice. Hold or sell at a loss?

      Sentiment: Hold

      • 3 Replies to
      • SLW just follows the price of silver, so the question is only whether you think silver has bottomed. The chart still looks terrible so I suspect some more pain in the short to medium term. No reason to take a loss on SLW though, I would map out a strategy where you can lower your cost basis if needed. If you have more funds you could sell some puts to collect the premium and maybe pick up some more stock to average down your price and sell some covered calls to also lower your basis and work yourself into a good price overall. The company is solid but there margins are coming down hard with the price of the metals and they are expanding into gold, which will further deteriorate their margins. Their dividend will increase on a percentage basis as the stock declines and will draw more attention at some point. We need silver to stabilize for the stock to unlock from the silvers price day today.

      • Read the referenced article carefully. We are at a crossroads that could go either way, but today that appears to be DOWN as far as the Precious Metal sector is concerned.

        You shouldn’t rely on the advice of others, but if so, at least consider what appear to be valid arguments that match your own beliefs.

      • No reason to take a loss unless you need money badly. Depends where you bought in but unless we see lows below 17.75 you can expect highs higher than 29.17 . . . 31.00 and 34.00 next resistance, maybe first quarter next year.

    • Target seems to be to be 21.97. via 21.42, maybe by close Friday.

23.53+0.71(+3.11%)Jun 30 4:02 PMEDT