Silver Lake Resources (SLR)

I am hoping it will form a 'sun baking gazongas viewed from the feet' trend ( very rare, Gann overlooked its importance ) so I can pick some up later this year.
 
SilverDJ said:
Holy golden shitballs, up another 7% today!
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I added SLR to my super around 7-8 years ago @ around $2.50, then added to my position around 20c... so it's nice to see that first bundle of shares is back to break even and have a 10 bagger with the rest :D

I'm thinking I will lighten up a bit soon on some of my gold mining shares (including SLR). I'm not confident the price of gold is going to just slice through that $1900-2000 area and keep running without some serious resistance and it has been a seriously good run over the last few years... though I still think on a 3-5 year timeline gold and the miners are heading a lot higher.
 
Bullion Baron said:
I added SLR to my super around 7-8 years ago @ around $2.50, then added to my position around 20c... so it's nice to see that first bundle of shares is back to break even and have a 10 bagger with the rest :D
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Nice!
Heck of a long ride though. Great call on 20c.

I'm thinking I will lighten up a bit soon on some of my gold mining shares (including SLR). I'm not confident the price of gold is going to just slice through that $1900-2000 area and keep running without some serious resistance and it has been a seriously good run over the last few years... though I still think on a 3-5 year timeline gold and the miners are heading a lot higher.
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That's my sentiment as well. Technically I am free-carrying all my SLR shares as I got my initial investment back when I sold some at about 55c or something, so on one hand I have "nothing to lose" by holding them, and I don't need the cash for anything at the moment, so I might just hang on. Wish they'd pay a dividend though, but I know a lot of shareholders are against that.
 
I sold some yesterday at $2.65. Now I'm hoping things settle down and consolidate.
 
If I was looking at SLR, I'd be looking at the $1.12 - $1.35 range as a buy price as things stand, but to me it's still on a downtrend so even if it reached those levels it's not a buy. Sorry @LiverBird. :( I hope I'm wrong.
 
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