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Re: Scurvysteve post# 399

Friday, 02/15/2013 6:48:14 PM

Friday, February 15, 2013 6:48:14 PM

Post# of 1801
my 1 side view of SLV/GLD before 30 support is breached is JAN/FEB till April SLV/GLD historically had a very decent uptrend momo.

SLV 47, 50, 37 recorded in Jan-April months

since 30 is broken i have decided to take SLV puts today, i didnt expect to buy 28 puts till yest night otherwise i would have posted in board.

now if market starts to correct big way if DOW has to reach 10k below silver/gld will go down below 1 yr lows. some folks are expecting silver go to teens if dow sees 30% correction or more.
if we see market correction in future slv puts is the one $$$$

about bbry there was good ah action and there is news about BBRY licensing in Aust , a positive catalyst hence changed my bbry puts to calls.

SPRW- solar sector is doing good if you take long term calls it will do good, reason for SPRW calls is follow up run up after running 20% on a single day.

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