Wednesday, October 7, 2009
SILVER WHEATON (SLW) & more...
I want to highlight a few things today:
-Silver Wheaton (SLW) price target raised by Canaccord to $16
-Suggest or consider covered call option Dec. $15 SLW-LC around $1.10, ITZ PIX entry $12.66 - $1.10 = cost basis $11.56. If called +30% option expires in 10 weeks. Or should SLW pull back, then buyback call, keep net difference and resell call as stock rebounds.
-CNBC video discusses gold/silver ratio
*click on chart to expand image