a lot of love for SLW here in the past few days. Big mood swing from a few weeks ago. Hmmm
- go to stockcharts.com, or your favorite charting site
- key in 3 yrs for "slw". OK, stop drooling on yourself
- overwrite slw with "$copper". Pause. Ugly chart
- now key in "slw:$copper". Make sure you're staring at the 3 yr chart for perspective. If you understand what you're looking at, are comfortable trading moonshots, and aware of any related risks, keep trading SLW. But for my money, I'd like to see copper get at least *some* traction before I get too deep into SLW. A week after Obama announced the infrastructure buildout, and copper is stalled / falling at the low...I'm viewing SLW as related to the mining of industrial metals, vs. a precious metals play in its own right with this approach... but to a large degree, thats what SLW is.
a lot of love for SLW here in the past few days. Big mood swing from a few weeks ago. Hmmm
- go to stockcharts.com, or your favorite charting site
- key in 3 yrs for "slw". OK, stop drooling on yourself
- overwrite slw with "$copper". Pause. Ugly chart
- now key in "slw:$copper". Make sure you're staring at the 3 yr chart for perspective. If you understand what you're looking at, are comfortable trading moonshots, and aware of any related risks, keep trading SLW. But for my money, I'd like to see copper get at least *some* traction before I get too deep into SLW. A week after Obama announced the infrastructure buildout, and copper is stalled / falling at the low...I'm viewing SLW as related to the mining of industrial metals, vs. a precious metals play in its own right with this approach... but to a large degree, thats what SLW is.
~Sleepless