SILVER WHEATON CORP. T.SLW

Ouchhhhh

[gheetsmith]

gambled yesterday thinking that silver and gold might make a little upward move today.......oh well think overall we will be okay into 2017 if you are long on thie one....glta

[zentrarianNZ]

gheet...I got burnt by not waiting a little longer, too, but my view is that you can buy on the way down, or wait and buy it on the way back up. But you aren't going to time either the top or the bottom perfectly, so why not just buy when the price is right? SLW is clearly getting oversold here. That said, I'm still holding plenty of dry powder for the Mother of all Smack-downs (MOAS

[Joseph_K]

My view is that you should almost always wait and buy it on the way back up.   That said, I can almost never do that.   I'm always reaching for the falling knife, or at least reaching too soon. Looking at silver at $16 and gold at $1130, it seems that SLW should be trading at about the same price as when we were last at these gold and silver levels.   Mid-February is the

[gheetsmith]

either way but we are always trying to catch the bottom and the top,  once in a while we get lucky,  anywhere in the middle will make some profit if greed does not set in. Silver making a small increase today so will likley move up a bit.   Not worried just have to hang on a little longer this play will pay in the long haul.

[zentrarianNZ]

Conventional wisdom, and for good reason. But I'm not talking about trying to catch a falling knife, which IMO applies more as a trading strategy. I'm talking about picking up a little more to top-up a longer term position, and buying because the stock has unexpectedly gone on sale - not rushing in to buy back in because the stock is plummeting and you are suffering from a severe case of