Replies to post #844 on Silvercorp Metals Inc (SVM)

[123tom]

Ive always liked the solid value of SVM. I like the integrity they showed when they defended against the phoney fraud allegations. It made me like them better . but this is the first time I have come to wonder if I haven't bought too much. and maybe SVM wont rally as well this year,like some other miners are now doing. Look at the difference what EXK and GPL are doing now. FSM as well. or just selling some SVM and buying more PVG. shuffle things around a little. I'm just thinking about it now. Ive always left SVM alone in my portfolio. but looking at things now. Some biotechs are poised to double in the blink of an eye. some miners are doubling now. will SVM be soaring to 6 dollars any time soon? I doubt it.

[123tom]

I took a good look at Avino silver chart. They stayed very strong last fall, made a big run to the present. They never really tanked down to the bottom zone in December at all. and now a giant rally soaring.
If I owned it I'd be tempted to take some profits here at the top. This stocks current rally top zone is where it was in February 2012. Spot silver was at 35 dollars back then. Is there some kind of disconnect from reality happening now with Avino? something is not correlated here between this silver miner, and other miners, and spot silver. This might be a bubble rally ready to pop. Te pullback zone ought to retest 1.40-1.60 area.
At the same time Avino chart shows a possible continued blow off rally to target 2.75 area before the bubble gets hammered. wish I was watching Avino last year. It would have been nice to buy at 1 dollar.

But I sure would be taking some off the table here.