SLW Earnings

Posted by downtowntrader | 2/13/2006 09:42:00 PM | 0 comments »

SLW has been my silver play and they reported earnings tonight. They reported late, so not sure what reaction will be. They also released some news regarding a deal with Goldcorp to trade shares for rights to silver production. This will probably drive the stock more then earnings. Usually any type of share dilution is met with selling, but since this increases their silver production and leaves them with cash for a rumored acquisition, the news may not be sold. Also, SLW had sold off coming into earnings. Here are the links to the news above.

Here is the daily showing support nearby.
Weekly shows a nice strong uptrend.