SLR 0.00% $1.57 silver lake resources limited

Welcome back JohnoHow have you found trading over the last 3...

  1. 11,117 Posts.
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    Welcome back Johno

    How have you found trading over the last 3 months? The goldies have been i a downtrend for some months.

    I have to admit I did not think SLR would fall below $1.70 so quickly. I was going to buy a few for a trade if it fell to around $1.60 (which is what I thought it could reach given all the negativity out there) but now I may do this if it falls below $1.50.

    As I said previously, the only thing that will save SLR is a very good announcement when they release the June quarterly or a very high AUD POG. The way the share price is trending I am beginning to think the June quarterly will not be so hot. This sort of price action has preceded past poor quarterly reports.

    Let us know what your TA indicates, especially when you think it has hit a bottom.

    loki
 
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