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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (13672)	11/28/2008 12:08:50 PM
From: SliderOnTheBlack	4 Recommendations Read Replies (1) \| Respond to of 50053

SLW running, up +10% on down day in silver stocks... I'd keep in on your buy list on any pullback here: From Wednesday... SLW did breakout and is now off & running at $3.38 as I type this... I've taken a little off of my trade from Wednesday morning, as we did have a "gap up open" ...and we know what we do with all gap up opens <vbg>. But, I am still holding my main position. $2.50ish bottom held 4 re-tests - so .80 cents downside to one helluva lot of upside leverage. SLW has 4 oz of silver per share, which makes SLW one of, if not THE most levered silver play. Hopefully, it pulls back, I never recommend chasing... and this is month end on a holiday, and you often get funds running a stock up on days like this. So waiting for a pullback next week may be prudent. But, this one may not pull back, so if do you enter, do so with only a 1/2 position here, and put in a limit order in the $2.50-70's for the final 1/2, if we re-test the bottom, or get a pullback. Let's see if we get a little pullback into the 1 pm, early close. If it spikes into the close, it's a fund, or two, running it up for month end...if that happens - wait for a pullback next week....don't chase. SOTB