what to do if slr hits $2.70?, page-16

Picked up a half parcel at $2.79 after it started to rally towards the close.

Might look to pick up the other half post any disappointment in the quarterly.

PS....although the market was positive today, there was fairly broad based weakness amongst the resources. Eg....I picked up some PanAust on the open at $3.09, and it finished at $2.90, having been in the low $2.80s (probably around the same time SLR was hitting its intranet-day lows). Broker thinks a resources fund was offloading pretty much across the board, but they might have finished their sell down by the early afternoon, hence the small rally towards the close.

Anyhow...it's a theory.