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Replies to post #1188 on Wheaton Precious Metals Corp (WPM)

Replies to #1188 on Wheaton Precious Metals Corp (WPM)
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Toofuzzy

08/15/13 10:49 AM

#1190 RE: eqdruid #1188

>>>>>I disagree with you, why watch your portfolio go down while you can take profit and invest in better opportunities around you, after all earnings season is here for some great companies. Check out some of the retail companies.<<<<

Unfortunately I do not know what will go up or down in the next year. If I did I would only own that. So I own everything. Well almost. I jsut trade the price up and down selling 100 sh for instance and buying back 120 shares with the same money. I got in to SLW a lot higher than where it is now but it doesn't matter. Bought more as it went down. I will sell 5% of my shares when it goes over $27.5 if it drops below $20.5 before I sell any I will buy more. If I get to sell at $27.5 my buy price moves up gradually. I don't have to ever be 100% right.

I am not one of the crazies that think silver is going to $75 or $100 but if it goes back up to $50 you will be leaving a lot of gains on the table. By the way most of my gains end up being long term or in a ROTH IRA.

Good Luck
Toofuzzy
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Toofuzzy

08/15/13 11:36 AM

#1191 RE: eqdruid #1188

>>>>I disagree with you, why watch your portfolio go down while you can take profit and invest in better opportunities around you, after all earnings season is here for some great companies. Check out some of the retail companies.<<<<

Because EVERYTHING I own (except for SLW) is down 1% on average today while SLW is up 1% Not that I am smart enough to know that and with the earning announcement I thought SLW might pull back some. But I guess investors are looking to forward earnings with higher silver prices.

PS: I don't buy retail, tastes change. I don't buy airlines (something to do with gravity >grin<), and I don't buy companies that are building new corporate offices.

Toofuzzy
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Toofuzzy

08/15/13 6:27 PM

#1192 RE: eqdruid #1188

Hi Eqdruid

I hope you didn't sell out this morning. The 7% gain in SLW more than made up for the losses in almost everything else I own.

At about $28 I will either sell off 5% of my shares or put a stop loss order in for that amount.

Good Luck
Toofuzzy