It's not SLCA I'm worried about, but the market in general.
I bought SLCA on Feb 4th 2014 @26.73. Sold it on March 7th @ 35.29 for a 31% return.
Nothing wrong going into a cash position for a while.
I'm not telling anyone to sell their position. SLCA seems very interesting as a long term play.
I am curious what robinspec's technical analysis thinks about SLCA where it is today.
What's happening in ukraine makes me more positive for slca. Natural gas will become the major fuel going forward and fracking will need more sand, so i see it as a plus, not that i want to see ukraine fall under putin's control, but it is what it is. jmho.
This individual is a prime example of "background noise". As useful to an informative dialogue as screeching nails on a chalkboard.It depends upon the time frame. It comes and goes. It was headed down when I posted. Right now it is down 90 cents. I expect it to rise long term.
poly...I understand your view--I also don't want to see things escalate over there--I'm holding on for the long haul--hopefully riding out the pullbacks (find it difficult to time market swings).This stuff going on over there just emphasizes even more the importance of us being energy independent !!!! Got to keep on drilling (and of course fracking) !!!!!!!!!!!