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Silver Wheaton Corp. Message Board

kazansky_98 66 posts  |  Last Activity: Jun 19, 2014 3:24 PM Member since: Apr 19, 1999
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  • Reply to

    On The Minute Chart

    by cowboyinill Apr 25, 2014 1:44 PM
    kazansky_98 kazansky_98 Apr 25, 2014 2:03 PM Flag

    That would be a gift indeed. Not sure someone is dumb enough to sell the stream that far under spot though. If silver dumps to 19 before the close, then yes, it may head down there.

  • kazansky_98 kazansky_98 Apr 25, 2014 2:24 PM Flag

    If war breaks out, the first thing the government will do is collapse the comes market Sunday night to protect the dollar.

  • Reply to

    22.01

    by sharpie3444 Apr 28, 2014 4:04 PM
    kazansky_98 kazansky_98 Apr 29, 2014 10:58 AM Flag

    Big inverted head and shoulders forming on the daily chart

  • Reply to

    22.01

    by sharpie3444 Apr 28, 2014 4:04 PM
    kazansky_98 kazansky_98 Apr 29, 2014 11:12 AM Flag

    Inverted. 21.37 low head and 22.50-23.50 left shoulder. Maybe up to 23.50 and back down to 22.50 for some chop into earnings to form the right shoulder, then blast off higher after earnings.

  • Reply to

    22.01

    by sharpie3444 Apr 28, 2014 4:04 PM
    kazansky_98 kazansky_98 Apr 29, 2014 4:46 PM Flag

    Spread is compressed and pointing to a 5% move day real soon.

  • Reply to

    22.01

    by sharpie3444 Apr 28, 2014 4:04 PM
    kazansky_98 kazansky_98 Apr 30, 2014 1:01 PM Flag

    Surprised SLW has held in there today. I covered a lot of silver shorts down here and was shorting SLW pretty hard on the open and covered it all this morning to hang a bit net long. Hanging out here to see how this works out after the FED today. Should get a good opportunity to short silver again and finish buying SLW.

  • Reply to

    22.01

    by sharpie3444 Apr 28, 2014 4:04 PM
    kazansky_98 kazansky_98 Apr 30, 2014 3:04 PM Flag

    Yes, I am long calls, short stock and short weekly puts and short a little silver ( looking to get shorter ). Also trading all parts like mad as the silver smack downs are very consistent and profitable over night. SLW is trading rich here to silver, so a move back into the mid 21 range would not be a surprise, especially if silver heads into the 18's at 2am.

  • Reply to

    Double Bottom?

    by cowboyinill Apr 30, 2014 2:20 PM
    kazansky_98 kazansky_98 May 1, 2014 9:33 AM Flag

    Covered some silver down at 18.80. The daily 50c slam in the futures market is becoming a joke, but its the gift that keeps giving. With no demand for silver here under 19, we should see SLW below 21 soon. Of course, sudden demand could enter silver and negate this, but barring a magical buyer, SLW is trading rich and getting very rich the more it hangs in. SLW will have to bring a ton of silver to market to negate the crushing margins coming down the pipe.

  • kazansky_98 by kazansky_98 May 2, 2014 9:59 AM Flag

    The spread is real tight and should give way here soon to either 21.80 area or 22.70 area. Waiting to fade either move. Got good silver covers this morning after the number and good shorts off before the number. SLW fair value with silver here is about 21.50 or so, so the upside will be hard to achieve without a big move up in silver.

  • Reply to

    should bust out here

    by kazansky_98 May 2, 2014 9:59 AM
    kazansky_98 kazansky_98 May 2, 2014 10:33 AM Flag

    yes, and SLW didn't pick up any ground. The upside should now push to almost 23 on the day or its back down with silver here.

  • Reply to

    should bust out here

    by kazansky_98 May 2, 2014 9:59 AM
    kazansky_98 kazansky_98 May 2, 2014 11:23 AM Flag

    SLW needs to pick up and go, acting very weak today

  • Reply to

    should bust out here

    by kazansky_98 May 2, 2014 9:59 AM
    kazansky_98 kazansky_98 May 2, 2014 1:47 PM Flag

    What is your retrace target? I sold some calls up here to roll out on the retrace

  • Reply to

    should bust out here

    by kazansky_98 May 2, 2014 9:59 AM
    kazansky_98 kazansky_98 May 2, 2014 4:16 PM Flag

    Earnings on Thursday, so next week could be great trading. It may act strange to silver and give some great opportunities that align quickly after earnings. I remember it was held up at 26 after last earnings and collapsed as soon as the options expired. Could be the same situation this time around, only in reverse. If they keep it down into earnings and silver stays bid, I will use that to add several hundred more calls in June. GLTA

  • Earnings are on Thursday, so we should get some good buying opportunities before and after as people lighten up their position. As long as silver stays bid, these should be good buying opportunities with good hedges. I am bidding below 22.35 with silver here near 19.60. On the upside, i like selling selling or shorting SLW at 23.30 on the day. Though I think the upside will be capped until the market digests another poor earnings report in light of another drop in avg. sell through price in the first quarter.

  • Reply to

    Should get some good buying opportunities

    by kazansky_98 May 5, 2014 11:04 AM
    kazansky_98 kazansky_98 May 5, 2014 11:32 AM Flag

    Got filled on some at my bid and shorted some silver at 19.60. Very little short interest, so the pressure should be to the downside all week as people unload. I will bid now at 22 for some more.

  • Reply to

    should bust out here

    by kazansky_98 May 2, 2014 9:59 AM
    kazansky_98 kazansky_98 May 5, 2014 4:17 PM Flag

    Great day for trading today. Got 2 good buy opportunities with silver strong all day, can't ask for more than that. Hopefully this seller has to unload a certain amount before earnings and we get some more weakness as the week goes on. I don't think we can get under 20 before then but fair value is probably at 21.20 or so.

  • Reply to

    22.07

    by cowboyinill May 6, 2014 10:01 AM
    kazansky_98 kazansky_98 May 6, 2014 10:55 AM Flag

    We shouldn't have any problem getting to the 21.88 areas before earnings. There is a trapped long in here that is trying to unload and can't find any bids. I think the closer we get to earnings the more aggressive he will have to become. I think we see a couple blocks come through like yesterday if he is spacing his sales out over the 4 days. He will probably take the 21.90 area and find enough buyers to unload his shares, Im thinking he has 2 million to sell, based on his sales yesterday. the short interest is really low, so the bids will be hard to come by. Wait for 22 or under to take his shares

  • Reply to

    22.07

    by cowboyinill May 6, 2014 10:01 AM
    kazansky_98 kazansky_98 May 6, 2014 11:35 AM Flag

    I dont, but I can see someone trying to get out and yesterday saw some dumping of 100k plus shares at a time. If an institution gets a sell order for a large amount of shares, they will have some parameters to which they work under. An order may be to sell X amount before earnings to lighten up on exposure. You would then space that order out over a period of time, in this case Thursday. They want to get the best possible price and are judged on their mark to market performance end of day on what they executed. They know how much they will move the market and so they space it out and make sure that their avg. sell is higher than the close, thats the traders job. Judging from their behavior yesterday, I am just assuming they have 3 more chunks to go before earnings. I am playing it by just trying to get in front of him and then cover the short on the dips he creates when flooding the market. I was shorting before the open on anything over yesterdays close and covered on his first chunk of orders which knocked it down 20 cents. He would usually periodically remove his offers to get the price back up a little and try and draw in bids so he can begin selling again. When this happens, you just have to short into all the bids and wait for him to sell down and cover into it. The more people short in front of him the more worried he gets about getting a decent price and will be forced to sell harder. I think if he gets near 22, we will see some bids that are willing to actually own the stock and that may be a good time to buy calls in June. I wouldn't read too much into elliot wave analysis on individual stocks as they are not governed by social mood like the Willshire index or the Dow. Individual stocks are governed more in the short to medium term by order structure that involves supply and demand and arbitrage pressure.

  • Reply to

    Silver

    by sharpie3444 May 6, 2014 12:54 PM
    kazansky_98 kazansky_98 May 6, 2014 3:07 PM Flag

    Not sure, but I would love to see it collapse and catch down to SLW. Looking to cover SLW shorts at or under 22 in the last hour here. If we don't collapse under 22 today I will stay short and see if this seller has a full day of dumping in mind for tomorrow as well.

  • Reply to

    Silver

    by sharpie3444 May 6, 2014 12:54 PM
    kazansky_98 kazansky_98 May 6, 2014 10:53 PM Flag

    Interesting that whatever I read seems the consensus is for SLW to keep leading silver lower into the teens. I read this as bullish but it doesn't jive with the lack of short interest. Money is not betting on it going lower, which is concerning, since the majority are always wrong. The majority are long this stock at the biggest clip in years. Me being one of them, this is my main concern on the long side. If we head lower, I hope silver sees a a forceful drop under 18. I agree it will be volatile though with prices hovering near the long term lows, make or break time coming up.

SLW
26.02-0.41(-1.55%)Jul 24 4:02 PMEDT

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