Tag Archives: SLW

SLW: Long Entry Stop $8.15 / Exit Stop $8.05

By Paul | Published: June 22, 2009
The World Bank forecast released today is putting severe pressure on equities and commodities. SLW is testing a long term support at $8.05, Figure 1 and 2.  This SLW resistance correspond with a long term support of e-mini Silver at $13.85 (Figure 3). (My entry stop just got triggered as I was typing this.) Long [...]
Posted in Stocks | Also tagged entry, exit, silver | Leave a comment

SOLD -120 SLW @5.15033

By Paul | Published: January 15, 2009
Blood on the market again.  I’ve dumped my SLW since it broke my stop of $5.30 cleanly at the open.  I wouldn’t touch it again until SLW can clear above $5.40 or below $4.70. I bought this position for $5.73 a few days ago.  That’s a net loss, with commission, of $49.60.  Add to the [...]
Posted in Stocks | Also tagged exit | Leave a comment

BOUGHT +120 SLW @5.73

By Paul | Published: January 7, 2009
Bought some SLW to balance my portfolio.  I sold all my SLW last week and still held on to my short hedge.  So I was heavy on the short side since the weekend. We had the first 2009 down day on the market today.  But SLW held on to its support level and the last [...]
Posted in Stocks | Also tagged entry | Leave a comment

SOLD -246 SLW @6.64028

By Paul | Published: January 3, 2009
After holding SLW for a few weeks, I’m finally out for now.  I have traded in and out of SLW for the past few months.  So there isn’t an exact price and date of entry for these 246 shares.  The effective purchase price was about $3.50. As I noted more than a few times in [...]
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SOLD -120 SLW @2.90

By Paul | Published: November 24, 2008
I sold 120 of my 366 shares of SLW just before 3pm today.  I still have 246 shares.  I purchased 166 SLW shares way back before the crash on October 1 for … gasp … $8.82.  I have written about SLW numerous times and have swing traded options to make up for some of the [...]
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The need for trailing stop: Expired November 2008 options post-hoc review

By Paul | Published: November 23, 2008
I have been trying to catch falling knives for a few weeks now.  Every time I think we’re at a bottom, the market rally a bit to get my hopes up and then continue to drift down more.  In retrospect, there are so many trading no-no’s I have broken with that dangerous mentality.  My account [...]
Posted in Self Assessment, Stocks | Also tagged ABB, exit, options, TCK, UYG | Leave a comment

S&P hit 820! Backed up the truck and loaded on more SLW and ABB

By Paul | Published: November 13, 2008
BOUGHT +2 SLW 100 NOV 08 2.5 CALL @.55 BOUGHT +3 ABB 100 NOV 08 10 CALL @.90 Another busy day today.  I usually write up my entry/exit posts immediately for my trades, but I needed to keep my eyes on the market due to the fact that I went all in today.   Click here [...]
Posted in Stocks | Also tagged ABB, entry, options | 1 Comment

Covered SLW, FRO, and WFC short puts

By Paul | Published: November 10, 2008
The market broke my intraday support line today (pink line, first graph).  What appeared to be a good Monday turned out to be very disappointing.  I cleared the last of my short puts (i.e. long) about 5 seconds before the close when the market gained some footing.  These plays are purely for risk management purposes, [...]
Posted in Risk Management, Stocks | Also tagged exit, FRO, market analysis, options, WFC | Leave a comment