I love to build a position in SLR too but the current bearish nature and under severe attack by bears is the main concerned. I step out of screen many times when I almost fell into the capitulation mentality and to me these are just human emotions shaped by society ie supermarket/dept stores. It is not rational from a setup I am looking for.
Yes, the leverage to a bullish POG is huge but those inside bars on POG is another concern it is looking at another run down very soon.
SLR Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
