there were a lot of good reasons for silvercorp's stock to run up. they had the connections to do businesss in mainland china, which isn't easy. they acquired all of the permits to open their mines, which is often a sticking point. they are continuing to acquire assets and expand their resources and production. their cost of production was negative $11/oz in the first quarter, they are paying a cash dividend, and they have already bought back almost 900,000 of their shares. last but not least, their earnings were up 173% over last year. they operate in a country where costs are very low, and they bascially have a license to mint money. in short, they're doing everything right.

if you can make money trading that stock based on your charts, then more power to you. i don't use stops because had i done so, i would have been shaken out of my positions in svm, sso, and just about everything else when the big boys decide to run the stops. i bought svm one when it was a penny stock (in post-split terms) and saw it run up to 10, and come back to 5. unless the chinese government starts misbehaving after the olympics, i think svm should make new highs next year.

http://biz.yahoo.com/iw/080609/04049...