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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (49919)	5/9/2013 2:03:47 PM
From: Machaon	Read Replies (2) \| Respond to of 218451

Fintas, thanks for the reply! The thing slv has going for it is the sector was crushed. I have always looked for sectors, or stocks that had been beaten down. I know that is NOT the best way to invest, but it has been good for me, more times than not. So a bounce is possible. BUT, that's one sick pnf chart. That says bounce yea and then retrace but more importantly a possible lower low. Be careful. I either get in and out quickly on an up-trending equity, or I average down on a beaten down equity, aka: Try to catch a falling knife. Thanks for the cautionary advice. On an aside one of mine holds 10,000 ounces of silver off the lows or way way back when. Sounds like she could be sitting pretty on that silver. I feel that the price of silver is reasonable, factoring in inflation, cost of production, etc. So...... I don't feel particularly nervous about holding SLV. If it goes down I'll just pick up another small position. A bunch of downs means a bunch of small positions, which can add up to a sizable position, over time. Best of luck to you with your investments.