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  #1  
Old 08-06-2008, 08:03 PM
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Looking at SLW, definitely bottom fishing here

Very speculative but looking at the beating it has takin, looks to be a little sold, volume is extremely high and could be looking at a possible bottom for now. Look at the volume the past 2 days. Volume leads me to believe this could be a POSSIBLE BOTTOM. Any thoughts in here. Curious as to what some think.


6 month chart


http://finance.yahoo.com/echarts?s=S...urce=undefined



1 year chart


http://finance.yahoo.com/echarts?s=S...urce=undefined
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Old 08-06-2008, 09:55 PM
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I think I see what you're thinking with the overall selloff the past week or so. The harami pattern may give us a nice little bounce the next day or two.

Anything longer than that, I see it coming down to single digits before a bounce. Unless the dollar starts coughing up blood again and people rush back into gold.
That's a nasty uptrend break looking at the 3 yr chart. Bad 2nd q earnings didn't help either.

I've been overtrading a little lately. Making nice coin but losing focus. I'd pass on this one myself personally.
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Old 08-07-2008, 09:39 AM
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Picked up some recently, average price is 11.09
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Old 08-07-2008, 11:44 AM
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sold entire position, average price was 11.26, gain of .17 cents. Nice little scalp, had a decent position. Wasn't looking to hold it long.
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