Re: I have another 2k to invest into SLI....
in response to
by
posted on
Jan 16, 2012 04:44PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
The final judgment is certainly up to you. There are a number of factors you have to consider, for example if this is in a retirement account then you are not considering a quick turnover. If you think the housing market is going to tank and you will need cash in 8 months to buy a new house, then any speculative venture is risky, and you are better off to buy gold or silver in this market. If you have a year or two time frame, then right now it has been calculated that SLI, just with the known metals is worth $3-3.50 per share. Since it is in a protective sector, considering the chance of a world-wide bust in the next year or so, then in my opinion if this is speculative money then it is probably safer and has a much greater chance of success than anything else that I can think of.
Also you are should not have a stop loss and just occasionally look at the share price once you have filled to your comfort level.