Old Trader's  Instablog

Old Trader
Send Message
Old Trader is a 63 year old private investor, managing a retirement portfolio constructed to a) generate a high current yield, b) preserve capital, and c) increase capital. His methodology involves taking a "top down" macro view to identify favorable trends, and then engage in... More
  • Stopped out of SVM 2 comments
    Nov 27, 2010 2:22 PM | about stocks: SVM, SLW

    Friday's sharp sell-off of PMs, and the miners, triggered the trailing stop I had on SVM. Unfortunately, it was filled at what was almost the day's low (executed at $11.39, with the day's low being $11.37). Still, a 9.51% gross gain in 10 days isn't something to cry and scream about.

    I've had some good fortune, trading in and out of both SVM, as well as SLW, over the last 4-8 weeks, and I still like both companies, and silver, in general. At this point, I need to decide if I get back into one, the other, or perhaps both. Ultimately, that will be predicated on my take on their respective charts, as well as what news, if any, comes out of Asia, and the EU, prior to Monday's open.

    Stocks: SVM, SLW
Back To Old Trader's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • lower98th
    , contributor
    Comments (1411) | Send Message
     
    That was me, again, on the other side. LOL. 100% gains from early February triggered a 10% stop-loss sale when it fell from $12 to $10.5. SLW too. But I bought back in at a reduced amount, primarily because I am not comfortable being out of the PMs. It is instructive to read your blogs, especially as I don't see myself as a trader...more a buy and hold, unless..., type.
    28 Nov 2010, 08:50 AM Reply Like
  • Old Trader
    , contributor
    Comments (5732) | Send Message
     
    Author’s reply » lower98th,

     

    LOL...I'm still holding a position in GG, but am looking to get back into silver miners, as I mentioned. I've been "trading" more than I'm actually comfortable with, over the last year, or so, but it seems that's just the sort of market that we're in, currently.
    28 Nov 2010, 04:38 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Traded out of GG @ $24.77
    Jan 29, 2014
  • Added to GG @ $23.40
    Jan 27, 2014
  • Sold GG @ $23.94 (hit target)
    Jan 23, 2014
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.