Subscribe in a reader Silver Wheaton (SLW) finding support here around $24... let's re-enter with a half-position.
Silver Wheaton now trades at 17 times earnings, margins are holding above 55% SLW with low valuations and a metals market supported by growing demand in emerging Asia, as well as an efficiently run business model with low production costs. BUY
9 comments:
Raise Stop from $23.25 to $24.60
Stop hit today $24.60, exited with $0.10 gain
targeting 100-ma to re-enter
Added 1/4 position @ $23.25
Currently ITZ has a 1/4 position in $SLW, entering @ 100ma. Next entry level will be $22, then $21. With Janet Yellen likely to be Chairman of the Federal Reserve...expect QE to last for awhile.
entered 2nd quarter position @ $22...next level $21
Added 3rd 1/4 position @ $23
Added final 1/4 position @ $24
Recap: 1/4 position entries $23.25 $22 $23 $24 = avg cost basis $23.06
SET STOP to $24 from $23.25
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