This Week’s Trade Updates Out of $XLF Added $SLW
I wanted to buy more SLW (silver) but didn’t have the cash. Right now I’m trading the tax-free account and there’s an annual limit to how much I can add there. So, I got out of the XLF trade for a total profit of $3.20, and added SLW.
I added SLW twice since the initial buy-in on Feb 7. My ACB on it is $35.58. [ edited to add: current price [[SLW]] ]
A note on options: XLF options are fairly priced and track the stock very very well. Surprised me. SLW options are lagging behind. Didn’t surprise me 🙂
What’s up with the dollar? I still have some US$ left, should I just convert it all to Cad$?
Just wondering what you think Tuesday or Wed. will bring for SI? Have we topped out and looking for a PB or march up to $50.00 over the next 4 weeks?
Hello George,
first off – I like SI in principle 🙂
Did you mean the march up to $150? Just want to confirm that we’re talking about the same stock here.
SI chart: the price is moving steadily in an uptrending channel. It’s currently at the top of the channel, so a pullback is likely. The stock is overbought based on various metrics.
Although I don’t think the PB would be too severe. Look at $130 and $125 as support levels.