woah dar you were correct it went down even more >.>.
The market makers must be reading our posts like yahoo's article said they would.
Anyway interesting the hedge funds dump silver after a few hours of digesting the info from the cftc.
Well man the bears were right. I mean silvergoldsilver bears.
Jumped in too soon.
Well your buy for 10.64 is still too soon actually but much better.
This is obviously way way way way way oversold now.
Just like last year. it dropped 30% in one month then gained 50% in 1 month as well.
>.> maybe I should start buying calls instead of selling puts.
Anyway on the bright side I can wait as I use no leverage. Well down by 10% because it dropped 30% so far instead of just 20%.
I sold mostly puts so I didn't get hit that hard. SO if this rallies 40-50% like last year then. Ahem gains of 20-30% in 2 months.
if not then sell more calls/puts until I make all my money back.
Pretty clear that I messed up here,Should have stuck with my original plan.I am better at this than I give myself credit for,and I should not let myself be swayed by others.As always,Happy trading to all.
Had to settle for 10.86. Oh well,I think this should help my overall position just enough.I had a good trade with TGB recently,so I'm building up nicely in the last couple of weeks.Happy trading to all.(Strong buy now Ya'll)
too late lol I just set my stocks at sell limit 100 dollars after I bought some more at 10.82-10.83.
ahh seems they cannot borrow my stocks anymore for now. :P
Anyway good luck.
Just sell a put to get it at 10.60 if you want waiting til option expiration though.
Great ! I bought a few hundred shares below 10.9. I hope it'll stay that low a bit longer. It's always good to have these corrections. Thanks to weak hands and shorties.
I might accumulate some more if it holds that low during the next days.
the more they force it down the more spring it will get.
Anyway in the meantime I will wait for my funds to get through to buy some more
Screw you silver shorties.
Also dont buy on leverage or stop loss.
Ironically slw hl and all the major silver stocks gone up today except this one.
Strange indeed. Only thing that came was good news unless I missed something...
But let them I can take all the delivery they can give then.
I am only down 5% because mostly puts were sold. And my other silver plays are ok.
After 100%+ gains I cant complain too much.