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Silver Wheaton Corp. Message Board

kazansky_98 244 posts  |  Last Activity: 20 hours ago Member since: Apr 19, 1999
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  • Reply to

    21.74

    by cowboyinill Apr 16, 2014 10:23 AM
    kazansky_98 kazansky_98 20 hours ago Flag

    Yes, just like shorting between 25-27, buying is a process. I like trying to work through it to get the best prices and remove the short silver when the time is right to catch the move up as unhedged as possible. The downside in this stock is very small compared to the upside, don't get me wrong, I think the big move is up. I have a lot of May 23 calls I still need to roll lower when the time is right. I would actually love a chance to roll them down into the 21's if we get near there. Have a good weekend, Sunday night should be interesting.

  • Reply to

    21.74

    by cowboyinill Apr 16, 2014 10:23 AM
    kazansky_98 kazansky_98 21 hours ago Flag

    shorted some silver here to get a little net short the complex. SLW looks like it wants to take out the lows on Monday and head to 21.38 here. I suspect a Sunday night 2:00am smash in the metals and a gap lower in SLW. Will bid 21.38 on Monday against the short silver. Barring a move above 22.35 or so in the next 15 minutes, we should at some point Monday attempt a move down below 21.50 at least.

  • Reply to

    21.74

    by cowboyinill Apr 16, 2014 10:23 AM
    kazansky_98 kazansky_98 23 hours ago Flag

    I don't see any way we trade over 22 today but who knows. Gold is getting hit so maybe we can take out the 21.74 low here in a bit and hit some stops on a light day to take it down to 21.50 area. I am bidding 21.50 on the day. SLW is trading at fair value here, so I don't wouldn't expect anyone wants to take a naked long position yet at these prices. I think silver would have to trade above 19.65 to get us back over 22

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 17, 2014 9:48 AM Flag

    There is a channel down on the 15 min. from the 23.40 high down along the tops. We are nudging up against here at 22.22. This should provide some resistance, but if it can get through we may have some technical pop. With the markets closed tomorrow and the open interest at the 22.50 strike low, it may be hard to make a move today but you never know. I would sell a little here but I got 20c for my 22 calls against my 21.90 long stock I bought, so its the same thing and I will let it play out. I would love to get my other calls rocking here with silver down a smudge to get paid on both sides.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 17, 2014 9:24 AM Flag

    Volume should be very light today with most already on vacation. I sold some of the expiring 22 calls yesterday in case they pin it all day.

  • Reply to

    $20.

    by dpalmi1 Apr 16, 2014 2:31 PM
    kazansky_98 kazansky_98 Apr 16, 2014 3:33 PM Flag

    yes, I always keep an opposing position in silver. The 2am silver smash each night is too profitable not to keep a short position in silver at all times when possible.

  • Reply to

    $20.

    by dpalmi1 Apr 16, 2014 2:31 PM
    kazansky_98 kazansky_98 Apr 16, 2014 3:17 PM Flag

    Volume is very low. I got filled on some longs at my 21.90 bid this morning and was able to short silver 10c higher than yesterday, so I'm pretty happy with todays trades, they should pay out nicely tomorrow.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 16, 2014 9:54 AM Flag

    Maybe an inverted head and shoulders on the 15-30-60 minute chart. See if we make a right shoulder bottom in here and try and get up through the neckline for a pop through the gap.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 16, 2014 9:46 AM Flag

    bidding 21.90

  • Reply to

    Astro

    by sharpie3444 Apr 15, 2014 11:38 AM
    kazansky_98 kazansky_98 Apr 15, 2014 1:19 PM Flag

    I will be a buyer today at the 21.35 area if we can get down there

  • Reply to

    Astro

    by sharpie3444 Apr 15, 2014 11:38 AM
    kazansky_98 kazansky_98 Apr 15, 2014 1:13 PM Flag

    I still think we have some downside left, maybe 20.50-20.00. SLW is fair value here and longs usually sell until they puke at a discount and return after it has a premium. It's backwards, but that is why retail always loses. Longs are just getting under water here, so that should usher in more retail selling and the short interest is very low, so the shorts should come in a force the retail crowd to sell, easy money for them.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 15, 2014 10:00 AM Flag

    Offering some SLW at 22.40 thru 22.60 against the 19.30 buys in silver. A close over 22.60 in SLW would be very bullish. The lower silver goes, barring it holds over $15, should increase the spread between the two as miners look to SLW for more deals and SLW continues to generate free cash flow vs. the miners. This will attract investment and increase the spread over time.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 15, 2014 9:12 AM Flag

    Slowdown in China's credit creation and demand. I covered a few short contracts 19.30 and will wait to see how SLW does before kicking them back out. Had to take a stab at buying some in after such a big move.

  • Reply to

    range

    by kazansky_98 Apr 14, 2014 9:47 AM
    kazansky_98 kazansky_98 Apr 14, 2014 10:27 AM Flag

    Sold some SLW here from Fridays buys and covered some silver short. If we get above 23, I will be rolling the calls higher from Friday into May 23's. Huge profit for only one hour of trading, buying all those sellers in on Friday, they got hammered puking out the flag and selling into a discount.

  • kazansky_98 kazansky_98 Apr 14, 2014 10:04 AM Flag

    Hope so, that would be very bullish

  • kazansky_98 by kazansky_98 Apr 14, 2014 9:47 AM Flag

    Range is low, under 22 or over 22.75. I will buy or sell at either point on the day with silver around $20.

  • Reply to

    Silver Futures

    by sharpie3444 Mar 16, 2014 9:50 PM
    kazansky_98 kazansky_98 Apr 14, 2014 9:04 AM Flag

    Great silver buys this morning. The Sunday night smack down is very reliable, going to flip them back out here to stay short.

  • Reply to

    During the market crash

    by dalerobin777 Apr 11, 2014 11:17 AM
    kazansky_98 kazansky_98 Apr 11, 2014 10:18 PM Flag

    True from a historical and possible futuristic point of view, but I'm merely speaking from an event point if view. My time frame of necessity is shorter than these points reflect.

  • Reply to

    All the premium has come out

    by kazansky_98 Apr 11, 2014 2:34 PM
    kazansky_98 kazansky_98 Apr 11, 2014 10:16 PM Flag

    Just the price of their stream contracts in relation to the spot/futures market they are selling into. Don't think too grand, you won't live long enough to see your apocalyptic depression gather fruit.

  • Reply to

    Price points today?

    by sami0418 Mar 31, 2014 11:44 AM
    kazansky_98 kazansky_98 Apr 11, 2014 3:22 PM Flag

    Nice hammer on the lows on the 15 minute chart. I grabbed the 20.50 low earlier long term from a weekly chart. Just dragged some trend line from the lows and some down from the highs. It forms a wedge or triangles or whatever you wish to call it on the weekly chart.

SLW
21.87-0.22(-1.00%)Apr 17 4:02 PMEDT

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