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re: SLV

Posted on 1/16/14 at 9:25 am to
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26602 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
10358 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
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