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6 pts

Opinion on  iShares Silver Trust (SLV)     Sector: Financial  >  Industry: Misc. Financial Services
Bearish on SLV ...

Feb 28, 2008 04:31 PM UTC
Business-startup
Return Risk
-1.44% LOW
Sr. Associate

Silver continues to go higher and higher, it just hit a 19 year record. We are short, it is our biggest short, and we continue to feel this move is EXTREMELY over done. In the last two weeks it is up close to 20%. In the last two months it is up close to 44%. In the last four months it is up close to 77%. We never expected it to go to this level, and feel it will pullback overtime.

SLV:  This call was made on 02/28/08 @ $21.77
Rating:   Negative   $21.77 (02/28/08)
Closed:   03/07/2008 @ $21.94 (-0.78% in 8 days)


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