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Silver Wheaton Corp. Message Board

  • jeffreydavis173 jeffreydavis173 Aug 14, 2014 9:40 AM Flag

    I wouldn't be in a rush!

    There are many of the board who are hoping that the earnings announcement wasn't that bad and are making their argument to stay long because eventually Silver prices will rise and SLW will follow.

    How about the opposite view.

    Now that SLW came out with a negative earnings announcement why wouldn't SLW move down to their historic correlation of 2-3 points (sometimes no difference) above the spot Silver price?

    I know that defending your long positions helps make your holding seem more viable and makef you feel good but I disagree.

    I follow trade patterns as you know. At this point I feel SLW will move down towards the spot Silver price.

    This post will most likely receive thumbs down from all the longs but when SLW moves down to the $20.00 - $22.00 support level I will purchasing a large amount of shares.

    At this point I am short with a large amount of December 22 Puts.

    Good fortune to all investors in SLW no matter which way you feel about the stock!!!

    Sentiment: Strong Sell

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    • Have you considered that some of us here are just traders and couldn't care less whether its up or down because it just creates an opportunity to buy again when it goes down, only to ride it up and sell. Rinse and repeat. I've traded this stock at least 30 times over the past few years.

    • Earnings certainly were not great but the sell off in the stock has been minor so far this morning. I expected a much deeper correction to the tune of 3% or more. Perhaps that will still come but so far the stock is holding up well.

      With silver and gold prices expected to rally into the second half of the year I personally would not be short any of the miners or much less the streamers. Sure there could be another down leg but IMO the risk at this point of much more weighted to the upside.

      Sentiment: Hold

      • 2 Replies to iwynne2002
      • Continuing to drop and drop.

        Your call may have been to early for the price movement today and in the next few weeks.

        There is nothing to support a rise up in SLW! Nothing!!! (except the rise in spot silver which will not happen).

        If things get better in the Russian-Ukraine problem, which I feel will happen eventually, Silver spot will go down and continue to push down SLW to my predicted price of $20.00-$20.00 PPS!

        Sentiment: Strong Sell

      • 1. The dividend cut is never a good sign and that comes from the action of management not what they may say in an earnings converence call. That is their expectation of future earnings.
        2. The trading day is not over.
        3. Expections of a future rise in gold and silver prices? Just like it was expected that silver would drop from $50 to below $20 an ounce. Your thesis is very flawed, you may want to rethink your position.

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