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Silver Wheaton Corp. Message Board

  • mystikmuse mystikmuse Nov 1, 2013 11:49 AM Flag


    Bought this for a quick flip today.... And its not happening.

    fool i am

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    • Going to be hard on a day trade basis. Which ever fund is blowing out a chunk of their position is only concerned about getting a good avg. price on the day. That means closing the stock lower than their avg. sell price. They do this by selling a certain amount every hour and a bit heavy in the last hour. You are buying SLW below NAV here to their stream and get a dividend to wait. If you are nervous, just short out the silver component here and wait. You will make $2 in the next week or so, net. The great thing about this company is the transparency of their stream since they don't hedge. You can buy them below NAV and Short them above. They trade above NAV about 75% of the time and you have to look for a big premium because you have to pay a dividend on the short side. The premium is usually 25% or so. It is now at a discount which has only happened about 4 times in 7 years, and this is a big discount. I am taking a large long position paired with a short silver position for the month. i will ride it as long as need be until it is a premium of 10% or more. That is almost $26 at current silver prices and I get a dividend while I wait, as small one, but I get paid to hold it.

    • keep it, wont happen today but it will....give it some time and by that I mean like a week or two

24.33-0.08(-0.33%)Oct 21 4:02 PMEDT