God help the poor dummies who haven't obtained any kind of short or PUT protection in these golds and silvers that continue to go lower and lower and lower.
Typically opens green in the AM and closes in the RED.....a very predictable bear market trading pattern
An obviously phony contrived green opening, designed to sucker more call purchases, and it has NO sustainability of any kind.
Trading in a confirmed bear, the very damaged SLW now has a solid resistance point and I doubt we will see any kind of sustainable prices above that point for years to come.
Pros will use these weak upmoves in SLW to reshort and buy even more PUTS.
....is that most of the heavy sizes of SLW calls are being WRITTEN by the institutions who are happily dumping them into the hands of retail suckers....those dumb types who fail to recognize the silver bear that now exists. In fact, the institutions have already priced SLW to ensure that most of the SLW March calls will be wiped out completely and that is more than obvious to anybody who examines the SLW derivatives spread.
The funds are likely pushing it up slightly to sucker more put purchases by small spec dopes....and they have to "walk it up," penny by penny, since instie sales probably remain very heavy, a continuation of yesterday's bear market decline.
correction to previous post:
i am a bit too sleepy this AM and the following sentence should read:
The funds are likely pushing it up slightly to sucker more CALL purchases by small spec dopes.
The sick stock can not even manage a mere 50% retracement of yesterday's sharp drop and that is tremendously bearish by every technical definition
As I stated, by every technical indicator, SLW trading action is absolutely terrible....and it should be obvious that the funds continue to WRITE most of the ultimately worthless calls, passing them into the hands of small spec dummies....and simultaneously purchasing most of the puts.
The sick SLW stock is being walked upward by the specialist, solely to sucker purchases of SLW calls, most of which are doomed to expire worthless.
Once the specialist completes his latest suckering of the SLW call purchasers, he can withdraw the obvious artificial support of the bear stock.
In the manner in which it STRUGGLES for every penny gain this AM, there is NO doubt that SLW will close well in the RED. The entire silver sector is in a vicious bear that will last for many more years and most of these silvers will NOT survive.
Trading in a confirmed bear, the very damaged SLW now has a solid resistance point and I doubt we will see any kind of sustainable prices above that point for years to come.
Pros will use these weak upmoves in SLW to reshort and buy even more PUTS.
The sick SLW stock is being walked upward by the specialist, solely to sucker purchases of SLW calls, most of which are doomed to expire worthless.
Once the specialist completes his latest suckering of the SLW call purchasers, he can withdraw the obvious artificial support of the bear stoc
Only amateur small spec suckers are buying SLW stock and calls today, that's for sure.
VERY bearish SLW technicals dictate this scam rise today will be erased completely, in the blink of an eye
A very weak deadcat bounce in SLW appears to be over now.
NO surprise, its technicals are the worst!
Very predictable bear market trading pattern and if you don't own a ton of SLW puts, kiss your $$$ goodbye.
The sick SLW stock is being walked upward by the specialist, solely to sucker purchases of SLW calls, most of which are doomed to expire worthless.
Once the specialist completes his latest suckering of the SLW call purchasers, he can withdraw the obvious artificial support of the bear stock
A very very weak deadcat bounce in the badly damaged SLW guarantees the sick stock will resume its dive toward single digits, sooner than later.