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Silver Standard Resources Inc. Message Board

  • tradingexpert4me tradingexpert4me Jul 12, 2013 2:19 PM Flag

    Keeping a core holding in the 5's and trading beyond same is the game here.

    Sure like some more 5's though.

    RG

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    • Spot, making its turn -- at a higher low! Up today to finish wave 3, likely pretty quick as it may reverse and do wave 4 dn to completion as well. Anyway 7.00issh, retrace to 6.65 area. a couple of up days to 7.60, Thursday retrace to 7.30 area then wave 5 finish Friday to abt 7.91. Week of 7/22 -- 7/26 will likely be all retrace . . . Gap fill at 6.33 may be the target. Say goodbye to the 5s

      • 1 Reply to sharpie3444
      • RG and whoever is holding core positions, if 7.91 proves to be the first wave up number, you might want to sell the Aug 8.00 call option. In a week or so if price is 6.33 one might buy back the call at least .70 or .80 cents cheaper for every share optioned. A way to protect the core and create cash flow. And gives ready cash to buy more core holdings at the low of the cycle. Add to this idea, corrections , whatever. Risk is you get called out and change your tax situation. But core stock can quickly be bought back, likely lower.

 
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5.60+0.19(+3.51%)Feb 8 4:00 PMEST