Ann: Extension of Merger Implementation Agreement, page-4

re: Ann: PRH: Extension of Merger Implementat... Second time in a row I got back in too early.
Not happy about that. Still much better off than not selling at 3.80 though. At least selling at 3.80 and buying lower reduces the amount of potential downside. The real bonus was making over 30% on the cash on my other favourite goldie while SLR was dropping.

Back to Lokis question;
If this will be a moderate correction it may be done today.
The hammer candle and close on the high for the HUI last night suggests that is possible. Also this downleg for SLR is very similar to the previous one so a rebound looks possible.
If the HUI is giving a false signal, which is not likely for a hammer candle, then a more severe correction would target the low 3's but probably not below 3 this time.
With only 10% more downside and potentially this being the low instead, I will hold.
Fundamentals for SLR are very strong and resource upgrade next week.