Monday, November 8, 2010

Bookkeeping: Selling Another 50% of Silver Wheaton (SLW) Ahead of Earnings

My foray into Silver Wheaton (SLW) has been beneficial.  In just a short week, I was able to take 25% off the table late last week for a double digit gain.  Today said stock is up another 4% and my gains in a under a week and a half now hug nearly 20%.  Don't try to annualize that at home - your eyes might pop out.  My only mistake was not to put 25% of the portfolio into such a fine stock.

The company reports tonight, so I'm taking half of what remains off the table here to lock in another win, in a market that is making every long only fund manager look genius.  We're all Peter Lynch now.

(The only disappointment is the Monday morning melt up has failed for only the 5th? 6th? instance in the past however many months)

Long Silver Wheaton in fund; no personal position


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