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Silver south of 22 border


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#11 senorBS

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Posted 13 January 2011 - 12:18 AM

Senor: you on the short side here then? that would be one fine gain....
and a fine buy at 22



Bought ZSL leveraged silver short at 9.74, sold half at 11.12, letting the rest ride with profitable stop. I will probably add to the short position if silver rallies early this week to maybe 29.75 give or take a few centavos.

BS all the time

Senor



Senor, Silver at 29.75 tonight. Stopped at 29.79 or 50% retrace of the drop off the highs. 30.15 is the 61.8% retrace. Are you still thinking of adding to the short position at these levels?


I'll wait and see if it turns south convincingly from this evenings 29.94 high.

BSing away

Senor

#12 Echo

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Posted 13 January 2011 - 01:58 AM

Senor: you on the short side here then? that would be one fine gain....
and a fine buy at 22



Bought ZSL leveraged silver short at 9.74, sold half at 11.12, letting the rest ride with profitable stop. I will probably add to the short position if silver rallies early this week to maybe 29.75 give or take a few centavos.

BS all the time

Senor



Senor, Silver at 29.75 tonight. Stopped at 29.79 or 50% retrace of the drop off the highs. 30.15 is the 61.8% retrace. Are you still thinking of adding to the short position at these levels?


I'll wait and see if it turns south convincingly from this evenings 29.94 high.

BSing away

Senor



Thanks Senor, By the way, I see a high of only 29.79 tonight for the Nymex Mar Silver. What contract/instrument are you using that has a high of 29.94 tonight. Thx
Doc

#13 senorBS

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Posted 13 January 2011 - 10:57 AM

Senor: you on the short side here then? that would be one fine gain....
and a fine buy at 22



Bought ZSL leveraged silver short at 9.74, sold half at 11.12, letting the rest ride with profitable stop. I will probably add to the short position if silver rallies early this week to maybe 29.75 give or take a few centavos.

BS all the time

Senor



Senor, Silver at 29.75 tonight. Stopped at 29.79 or 50% retrace of the drop off the highs. 30.15 is the 61.8% retrace. Are you still thinking of adding to the short position at these levels?


I'll wait and see if it turns south convincingly from this evenings 29.94 high.

BSing away

Senor



Thanks Senor, By the way, I see a high of only 29.79 tonight for the Nymex Mar Silver. What contract/instrument are you using that has a high of 29.94 tonight. Thx
Doc


cash quote

#14 senorBS

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Posted 13 January 2011 - 02:23 PM

Senor: you on the short side here then? that would be one fine gain....
and a fine buy at 22



Bought ZSL leveraged silver short at 9.74, sold half at 11.12, letting the rest ride with profitable stop. I will probably add to the short position if silver rallies early this week to maybe 29.75 give or take a few centavos.

BS all the time

Senor



Senor, Silver at 29.75 tonight. Stopped at 29.79 or 50% retrace of the drop off the highs. 30.15 is the 61.8% retrace. Are you still thinking of adding to the short position at these levels?


I'll wait and see if it turns south convincingly from this evenings 29.94 high.

BSing away

Senor



Thanks Senor, By the way, I see a high of only 29.79 tonight for the Nymex Mar Silver. What contract/instrument are you using that has a high of 29.94 tonight. Thx
Doc


cash quote



stops on silver short position at 29.70 cash. Muy interesting day with Peso dollar grande down and gold and silver down too - one weird day or telling us how where gold and silver are going?

BSing away

senor

#15 senorBS

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Posted 13 January 2011 - 03:53 PM

Senor: you on the short side here then? that would be one fine gain....
and a fine buy at 22



Bought ZSL leveraged silver short at 9.74, sold half at 11.12, letting the rest ride with profitable stop. I will probably add to the short position if silver rallies early this week to maybe 29.75 give or take a few centavos.

BS all the time

Senor



Senor, Silver at 29.75 tonight. Stopped at 29.79 or 50% retrace of the drop off the highs. 30.15 is the 61.8% retrace. Are you still thinking of adding to the short position at these levels?


I'll wait and see if it turns south convincingly from this evenings 29.94 high.

BSing away

Senor



Thanks Senor, By the way, I see a high of only 29.79 tonight for the Nymex Mar Silver. What contract/instrument are you using that has a high of 29.94 tonight. Thx
Doc


cash quote



stops on silver short position at 29.70 cash. Muy interesting day with Peso dollar grande down and gold and silver down too - one weird day or telling us how where gold and silver are going?

BSing away

senor


stop lowered to 29.30

#16 jjc

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Posted 13 January 2011 - 07:14 PM

stop lowered to 29.30

nice trading there senor!

#17 Echo

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Posted 13 January 2011 - 07:40 PM

Nice job Senor

#18 senorBS

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Posted 13 January 2011 - 08:09 PM

Nice job Senor



grande importante next 18 hrs, either cracks grande or rallies hard IMO, I could be bigger bear or even a bull by tomorrows close

BSing away

Senor

#19 inamosa

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Posted 13 January 2011 - 10:52 PM

I don't know about under 22...but it should see at least 25, if I've been right about it. Anywhere between 21 and 25 it could find support, IMHO. There's a gap just above 24 it will probably fill, also.
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months