We happened on a 35.67 correction target during last week’s impromptu webinar, so I’ll suggest bidding down there for 400 shares, good-till-canceled, with a stop-loss at 35.49. If you can capture some profits on the short side as SLW falls (assuming it does), that will help cushion the stop. We’d try again at 34.61, since that’s where SLW will likely fall if the first Hidden Pivot gets trounced. ______ UPDATE (March 21, 1:43 a.m. EDT): Odds of a fill have diminished somewhat with Silver now trading higher, but we’ll leave the stink bid in anyway, since the downside target itself remains valid. ______ UPDATE (March 21): The stock has gapped higher for two consecutive days, so we can forget about buying it on-the-cheap.
