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SLV - Lets see if its better than 90% Junk

COINB0YCOINB0Y Posts: 4,505
in Precious Metals
OK, Got a Fill at $10.44 for

I've got an 8% stop out set in my head which = $9.60. (I will not set a physical stop order because they will run thru it.)




Comments

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    What do you mean by "better"?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    TO MAKE MONEY WITH.... ;>
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    TO MAKE MONEY WITH.... ;>

    SLV is:

    1) fast

    2) easy

    3) convenient

    4) low transaction costs

    5) unknown level of risk

    Vegas is:

    1) more fun

    image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ttownttown Posts: 4,472 ✭✭✭
    Yes SLV is fine as long as they have all the silver backed and there's no run on it. I myself don't trust any wall street funds with my PM's but if it were in my 401k I'd trade it.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>TO MAKE MONEY WITH.... ;>

    SLV is:

    1) fast

    2) easy

    3) convenient

    4) low transaction costs

    5) unknown level of risk

    Vegas is:

    1) more fun

    image >>



    LOL

    coinboy, remember what i said about the cashbackaccount money.....image

  • COINB0YCOINB0Y Posts: 4,505
    I bought a 1,000 shares.
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>I bought a 1,000 shares. >>



    That will make some nice wallpaper somedayimage
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    storm888's short position in SLV must be getting a bit uncomfortable here.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    That will make some nice wallpaper someday

    I don't intend to remain in it long enough to do that.

    I will collect the profit and buy some Gold with it.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>

    << <i>I bought a 1,000 shares. >>



    That will make some nice wallpaper somedayimage >>



    As well as a nice tax write-off, you can never have too much of those.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • COINB0YCOINB0Y Posts: 4,505
    Gosh, time to take off 1/3 of my shares off the table.

    Selling 300 shares @ $11.89!
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    CB, that would be a very nice buy

    Lets see one is an investment with millions of liquidity that has a transparent market, that can be sold quickly and effortlessly, another is a bag of coins with some guy sitting in a chair next to an old vault acting as a middle man with perhaps a few thousand clams and and an unknown mark untill the offer is made.

    I went with SLV .... I didn't quite get your price, but I didn't do too badlyimage
  • COINB0YCOINB0Y Posts: 4,505
    Thanks BL, but I was planning to be out of this trade with the balance of the shares at $12.08.

    But now with the new Short Sale Rule coming into effect, lets see if I get a fill tomorrow or Friday at $12.62!
  • COINB0YCOINB0Y Posts: 4,505
    out at $12.62
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Coinboyimage

    I wonder how storm's shorts are holding up!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    He's had to be out by now?

    image
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    His approach is to short MORE into a rise like this. At least, that was my understanding.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    Whew! I lucked out on my exit!

    Let's time a re-entry in the next day or two.....I'll post before I buy....
  • COINB0YCOINB0Y Posts: 4,505
    OK, Got a Fill at avg. of $9.38 @ 1K shares

    SLV is looking like a POP is near....Target #1 $9.69 , Target #2 $ 10.10 (all +/- 1%)

    I've got an 8% stop out set in my head which = $8.62. (I will not set a physical stop order because they will run thru it.)

    Here is the Live Link:

    Live RealTime
  • fcfc Posts: 12,793 ✭✭✭
    the shorts appear to be doing just fine..... fine indeed.
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Like a moth to a flame, goes Coinboy to SLV......

    At these prices, I'm torn between the Mint's discontinued bullion coins and a green monster box. Given the premiums involved in ASEs, the Mint premiums on those Gold Buffs and AGEs, and a few extra Plats are looking a little less punishing at the moment.

    Come on, cash flow. One more time!

    Good luck with your gambit, Coinboy.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • COINB0YCOINB0Y Posts: 4,505
    I will stop it out @ $9.00.

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