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re: SLV

Posted on 1/16/14 at 9:25 am to
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26574 posts
Posted on 1/16/14 at 9:25 am to
quote:

I just bought 200 shares of SLW at $20.40.


I sold these shares today at 21.79. After fees, about a 6.4% gain.

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 1/16/14 at 6:23 pm to
I'm pondering going long, longer then long, on SLW. I like the enterprise value -v- market cap. This could change in a hurry, but not as fast as a true miner.

I like the royalty play on this and FNV, more so SLW.

I am concerned about ow long the Fed can keep the balls juggling, and have some reservations about pulling the trigger. I don't generally going longer then long on anything other than tangible assets. I trade paper.

I'm surprised you sold before Feb/March debt ceiling. Interested in why?

Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 1/17/14 at 10:23 am to
quote:

I sold these shares today at 21.79. After fees, about a 6.4% gain.



I'm with you, sort of...bought in Dec at 19.9, up 13%...just put in a trailing 3% stop
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 1/22/14 at 8:11 am to
I make a similar paper trade as per below a lot:

LINK
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 1/31/14 at 7:57 am to
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 2/5/14 at 8:11 am to
SLV making a strong move up in pre-market today. Up 2.9%.
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 2/13/14 at 1:08 pm to
SLV is making a decent run today....up to $19.71 as I post this. We haven't seen it this high since November.
Posted by LSU0358
Member since Jan 2005
7915 posts
Posted on 2/13/14 at 1:11 pm to
Commodities are looking strong across the board right now. Gold, silver, oil, grains, etc.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/13/14 at 1:13 pm to
They must have redeemed a lot of silver out of it as it is trading at a slight premium.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 2/14/14 at 5:02 pm to
Wow, I haven't looked at SLV since I bought 75 shares a couple months ago. Time for me to get out of it
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 2/14/14 at 7:07 pm to
I got out this morning......finally.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/14/14 at 8:09 pm to
I waited until 10 minutes before close and tried to sell my 2016 spreads at $5, and the 2015 spreads at $2.5. No takers. I was hoping someone would jump before the weekend. I like taking this profit in a matter of months with very little capital used on the trades. If you annualize my yields doing this, it is really quite impressive.

BTW, SLV is now trading at a premium of about .4%.
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 2/14/14 at 10:39 pm to
I sold this morning about 15 minutes after the market opened, made anout $2k. If I had waited about an hour longer I would have made almost 50% more (the story of my life) than I did. But I held these shares since November and I was ready to get out.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/15/14 at 8:20 am to
@ Soviet Man -

Next time you think about getting in, why not just buy calls or puts? I just don't see large movements in precious metals until Yellen feeds us some rare steaks, consequently I don't tie up large amounts of capital in the shares.

My mistake on my trade was to place a spread. The $16 calls I bought for a net $3.76 are now worth $6. The spread is only worth about $5. Still a very decent gain for 60 days. If I bought straight calls these would be worth a gain 1.12. That's decent, 22% in 60 days.
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 2/15/14 at 10:15 am to
You make very good points and I'm sure your method is very successful. My biggest issue with puts and calls is I just don't like paying the premium and then hoping I get a return on it. What you're doing is smart and I admire your process but it's just not for me.
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 4/9/14 at 11:02 am to
About to hit $19 again... might pick up some more.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 4/9/14 at 11:10 am to
I bought 2015/2016 call spreads this morning. Bought $19, and sold $22.
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 4/9/14 at 11:15 am to
I'm staying away for awhile. Something's not feeling right to me. Good luck.
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 4/10/14 at 6:51 am to
quote:

I bought 2015/2016 call spreads this morning. Bought $19, and sold $22.


God I wish I had the mental capacity to learn how to play the options market
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 4/10/14 at 10:25 am to
I just missed my limit order 18.95 So I'm missing a nice pop today. Oh well...
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