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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (1018)11/4/1999 4:04:00 PM
From: ahhaha  Read Replies (2) | Respond to of 1336
 
I'm neutral about SWC. It's just isn't wise to bottom fish here. The platinum market threatens to convincingly break $400. It then would have to hold $360 and put in a bottom over coming months for me to get interested. This isn't the place now to be operating.

If there is commodity weakness, SWC won't be hopping up contrary to that trend. The LT down trend comes in around 25 and a neckline apex forms around 23. The stock could rally to there, but other factors would have to be in place for the stock to break through. Right now those factors are moving in the opposite direction.

Why do you have to be here? The answer is prejudice. Ask any pro. They'll tell you prejudice is the greatest impediment to success. I'm not averse to changing my view if things change. I can do it in 1 minute since I know the pertinent factors and the company.