silver drops down $1.50 and goes up even higher before I can get off work to buy!!! I usually try to wait until I can spend $1000 (you're not legally obligated to pay 8.25% sales tax in Texas after $1000 - weird) so that like an ounce and a half!
Get used to it. It's a war between the manipulators and the speculators. The drops are predictable, especially around options expiry and the speculators are ready to move the moment they see a downward push. The best strategy to take is to cost average. Buy the dips if you can, but don't stick to them religiously if a decent buy opportunity presents.
Im still very much a NOOB at all the stockmarket activity and terms. Could someone please explain/advise me where I should start reading to getting better informed about expiry options, when they are due to expire etc, so I can start researching this more. Thanks in advance for any advice
[youtube]http://www.youtube.com/watch?v=WkYiq1hlBq0[/youtube] There you go. John is a member on this forum too. Cheers
After watching that, a glaringly obvious question occurs. If there's a reasonably religious pattern of lowering the price at option expiry time, but a firming of the price for the rest of the month, why don't the option holders finalise the option and demand delivery anyway? It seems to me that they can then sell it during the month while the price is high and make their profit in spite of the manipulators.
