Market Curiosity: Exploring Markets And Systems

August 26, 2011

Long half a position SLW OCT 40 calls (update 1, Aug 31) +18%

Filed under: +06 to +25%, Long Calls — Tags: — Jeff Fitzmyers @ 9:28 am

Mainly long right now due to the EMA test and seasonals. This does seem a bit risky since yesterday’s volume was not stellar. However, todays hammer bar (so far) is making up for that.

August 31: sold at 2.65, +18%. SLW was not confirming silver’s rise on the 5 min chart. Then SLW started to drop. Will post some charts in a new post later. I’m thinking there might be one more significant drop before really starting up in September. If not, I will try to get long again on dips on the 5 min or 60 min chart.

2 Comments »

  1. SLW had a great day, very impressive. If it can get back over 40, test and hold I would be even more impressed. Check out SVM as well, they are doing share buybacks and retiring the shares.

    Comment by silverflaunt — August 26, 2011 @ 6:03 pm

  2. The issue I have with SVM is that it’s still in a downtrend. Although today (and yesterday) were low risk entry that would have paid off well 🙂 I hope you made some money!

    Comment by Jeff — August 30, 2011 @ 2:09 pm


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