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Bullboard - Stock Discussion Forum STILLWATER MINING COMPANY SWC

"Stillwater Mining Co develops, extracts, processes, refines and markets palladium, platinum and associated metals from a geological formation in south-central Montana known as the J-M Reef and from the recycling of spent catalytic converters."

NYSE:SWC - Post Discussion

STILLWATER MINING COMPANY > Bad..breaking below 10 dollars
View:
Post by woolco on May 09, 2016 9:47am

Bad..breaking below 10 dollars

Yikes...broke thru the 10 dollar mark...no stops till 7 RANGE...ON ALL CHARTS

I am thinking there is no good news pending. USA jobs/economy showing weak..not good for cars, etc..and company has no good news coming...and likely next quarter worse given less recycle volume, and carry forward volume like Q1 had from Q4..

I expect it shoudl fall much faster and further from here.  Long term...this is long and strong...but for next 120-180 days will be bad...

Going to lighten up 50% of holdings...and buy back in fall....any thoughts?

Comment by afewdB54 on May 17, 2016 5:57pm
I'd say, hey buddy just relax.  This SWC thing looks like a great share.  If I understand right, it has a very large rich Pd deposit, it has written off the overseas investments but it still holds them and they are worth something especially when Pd prices rise, Pt and Pd are imho not going down much as too many people want to buy them, SWC can expand production like crazy if they ...more  
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