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Silver Wheaton Corp. Message Board

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  • chemaes44 chemaes44 Feb 26, 2008 1:34 PM Flag

    Genuity is capping the price

    yeah, it is getting pretty crazy multiple houses are both buyers and sellers with 100,000 share lots.

    As an example, Genuity had just bought 200,000 shares then sold 100,000 shares a few minutes later. So, many larger holders within Genuity are being both buyers and sellers today.

    But there are a couple of other houses stepping in as significant buyers.

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    • a 10 or 20% return in a month (120 - 240% annual) is irresistable to many of the institutional investors and hedgefunds who took SLW shares on the secondary.
      They are selling to those with longer term and fundamental outlooks and valuation models.
      Once most of those secondary shares are out of the way, the stock will hit an airpocket and rocket to low 20s in short order.

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