Searchlight Innovations Inc T.SLX

Reload

[mouserman]

Had taken some profit over .90 and reduced my position , just from a technical view and not from any fundamental change in the company. The recent dumpfest by Fidelity and anonymous had the look of shorts determined to push the share price  down and take out some stops , which , judging by the comments here , was very successful.
The absence of news or updates from the company helped their cause of course, along with silver correcting abit. Sillver price is still up some 60% from the summer , and SLX insitu value has not diminished much at all, other than from the bit of production they have going. And that of course produces revenues and profits for the company.
The reality of it is that even with gold and silver at current levels , 28$ silver and  1360$ gold , SLX reserves, resources and production should have the share price well over 2$, comparing it to any other silver play on the planet. This is not even taking into account the potential to expand resources and production by multiples in the near future.
I began to rebuy SLX  late in the week, the old saying is " buy when there is blood in the streets". Fundamentally there has been no changes in SLX , and a bit of a sector correction is all that is  happening. This selloff was not strictly SLX , it was across the board on good and bad precious metals stocks.
Time to load the boats again, imho.