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Silver Wheaton Corp. Message Board

jeffreydavis173 6 posts  |  Last Activity: Oct 27, 2014 10:16 AM Member since: Mar 23, 2013
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  • jeffreydavis173 by jeffreydavis173 Oct 27, 2014 10:16 AM Flag

    Some 6 months ago I predicted that Silver would be heading down form the $27's to the $20.00-$22.00 range.

    I was off a bit but was fortunate to hold it a little longer and sold my position at $19.88.

    As of now, SLW is in a very small range between the high $18's and high $20's.

    I believe it will hold that range for a while.

    Maybe 3-5 months.

    Of coarse, if the dollar keeps going up the PPS will drop further.

    We will only see a sustained rally if the dollar drops and continues to drop for whatever economic condition..

  • jeffreydavis173 by jeffreydavis173 Oct 1, 2014 6:15 PM Flag

    Yesterday I sold all my December Puts of SLW when the stock hit $19.88.

    My initial investment of $3,500.00 ended up making me $15,350.00

    I told everyone more than 4-5 times to short the stock starting at $27.30 down to $25.50.

    Now it will settle in the area of $19.00 to $21.00 for a while.

    It could take 2-4 months or more.

    Then it will be time to buy some Calls and ride them up to $27.00

    Feeling great today!

    Bought a 1972 Oldsmobile Cutlass Supreme Convertible in Bronze with 52,000 miles on it in great condition!!!

    I love the stock market.

    Everything else is collapsing and I made 5 times my investment!

    Good luck to anyone who still owns SLW!!!

  • jeffreydavis173 jeffreydavis173 Sep 26, 2014 11:27 AM Flag

    I'm starting to think that the low will be in between $17.00 and $19,00 PPS
    No reason for the PPS not to continue to fall!

    Sentiment: Strong Sell

  • Reply to

    Silver Prices

    by arizona_guy77 Sep 19, 2014 10:27 AM
    jeffreydavis173 jeffreydavis173 Sep 20, 2014 9:27 AM Flag

    Hi Sharpie!

    As with any strong moves either up or down there are always some retracements along the way.

    However, when the overall trend is as strong as the decline that is taking place in SLW, the retracement will be short lived and the strong downtrend will continue.

    Knowing when the decline will finish is the big question!

    I think going below $20.00 PPS is a given but when we do hit the low SLW may rise a few points but the stock will be stagnant.

    When the Fed decides to raise interest rates, (and it will eventually happen next year) a strong downward movement in the PPS will take place.

    Sentiment: Strong Sell

  • Reply to

    There is a line forming....

    by thewzrdaz Sep 19, 2014 8:08 PM
    jeffreydavis173 jeffreydavis173 Sep 20, 2014 9:16 AM Flag

    How low will this climatic sell off will SLW reach?

    Sentiment: Strong Sell

  • Reply to

    Silver Prices

    by arizona_guy77 Sep 19, 2014 10:27 AM
    jeffreydavis173 jeffreydavis173 Sep 19, 2014 12:13 PM Flag

    The cost of mining Silver was 1/10 of what it costs today!

    Sentiment: Strong Sell

SLW
20.75+0.46(+2.27%)Dec 18 4:03 PMEST

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