SVM - Silvercorp Metals Inc - Page 26

i bought some may 15's.. figured it was worth a shot.

Quote:

Originally Posted by charulz 

i bought some may 15's.. figured it was worth a shot.

I tried to join you, but my buy never hit.

Stepping out the remainder of the position in a bit, it was just a quick trade so I have to respect my time limits.

Silver looking good so far.

and Im all out. Thats good enough for me!

Yes I'm out too, waiting for the dip again

the SVM assualt is on right now

Just picked up some here.  Bad day for silver...

you guys are playing with fire if silver continues to get smashed, whether SVM earnings will be good or not.

Ill be interested in the $11.50 -$12 if it gets there.

I'm interested in silver/ svm too on one more or a few more swings down. There's some massive support for silver coming up that I might play for a quick all-in bounce.

I'm with mouserman....SVM earnings will beat for sure..I'm holding for the long term

I waiting on silver to bottom a bit more before I go into this one. Earnings aren't till next week so it gives me time to find my preferred level.

That is a smart move.

 

Quote:

Originally Posted by Demo24 

I waiting on silver to bottom a bit more before I go into this one. Earnings aren't till next week so it gives me time to find my preferred level.

 

Quote:

Originally Posted by StockJock-e 

Ill be interested in the $11.50 -$12 if it gets there.

 

 

$12.0 looks to be a great entry point. I may take a small position ,I am not sure yet. People have made so much money on this,that ,if earnings are good,they may sell into it taking profits. What to do,what to do
 

Ok, some divergence.

Silver new lows on the day, SVM holding above the morning lows.

Doesnt mean much , but its how trends eventually change.

Buy when there is blood in the streets, SVM business in no trouble, the selling is due to very negative sentiment towards silver and those who are leveraged to it.

The reality is that even at todays price SVM is getting twice as much for their silver as they were just 6 months ago when they reported blowout earnings that surpassed earnings consensus from the analysts , who stubbornly refuse to use higher silver input prices in their estimates.

I  actually made the dive into options here and bought 50 contracts for JUNE 14$ on svm. MAY 11 the earnings will open some eyes.  The future estimates from the company will include revenues from the BYP gold mine commissioned this Q, with very robust margins there.

SVM is set to double production as compared to 2010 , within 18 months. Revenues i estimate will triple or more. Earnings will be at least double , and that is with a very conservative 35$ silver target for the year. I believe silver goes thru 50$ here in the next few  months.

Even if the big manipulators can drive silver back down to 35$  SVM is still a cash cow. The fact that the market is missing this, is due to irrational selling , not due to any fundamental problems with the company or even the price of silver. Fact is if silver drops to 15$,  90% of the companies out there producing silver primarily, would shut the doors, and SVM will still be making money, the base metals credits more than pay all mining costs. SVM sitting on a mountain of cash.

In jan i heard the same song and dance and watched SVM drop below 10$ where i loaded up.  Silver had just dropped to 27$, but the Q3 earnings came out for SVM and they rocketed up 50% from there , where i took profits and got the divvy. I think its deja vu, with even more negativity this time around from the media.

Man I'd really like to get in on this one, but I had horizontal support at approximately $12.  It appears to have broken that, does anyone see any other support levels until the SMA200?  I also expect them to beat earnings, but I don't want to buy in too early and get stuck holding this one for awhile.  Looking to do the swing trade at the bottom, hoping I can catch it.

Got some at 11.60 today.  Not convinced we won't go lower, sold the 11.60 just now.  At least lock in a little gains.

Quote:

Originally Posted by jonebone does anyone see any other support levels until the SMA200

I see support in the 11.54-11.57 area, look back in 2010 at Nov 7th and Nov 9th, the former closed at 11.57 on 6 MM shares and the latter closed at 11.54 on 9 MM shares.  The volume off today's 11.58 low (yes just a penny above!) was not convincing, but the price action looks confident, as if some smart money was sneaking in on SVM to set up camp.  I just got in HL and EXK today and might add this one to the fold very soon.  If any of you use price and volume benchmarks, all of these numbers work really well together, we're not pushing the volume needed to make it down through the mid 11.50s with ease, so chances are pretty good it won't dip lower than that without some more weakness in silver, so we can see if 40 holds in SI and if it does SVM looks very appealing here.