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Big Four Silver Sharks

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Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 04/28/2011  11:55 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Unlike going long in purchasing silver, in theory, the potential loss is unlimited when shorting. - OneBowl

In order for that to occur, the price of the shorted item would have to be unlimited as well, for it is the rising price that creates the loss in a short position.

The fact is that VERY large (but not unlimited) losses can occur in a stock that is shorted and that just keeps rising. Shorts can then either cover their bets by giving their brokers more money to sustain their position or they can liquidate them and accept the loss at that point. Going long does have a downside limit and that is "0" in the price of the stock. Upside is also limited but only by common sense in most cases. In a few cases, the upside potential of a stock or commodity have been truly spectacular.

As an investor, I have never been on the short side. There are a lot of things I haven't done in investing and much of it has to do with the amount of risk involved. I try to limit that to an amount with which I can be comfortable and not be sweating all the time just thinking about my investments. That's no way to live, IMHO, but some people, like Jim Cramer, seem to thrive on it. Oh, well... to each their own.

As to gold and silver... yes, I also am on the long side of this investment. So far, so good!
Valued Member
northwestseeker's Avatar
United States
286 Posts
 Posted 04/29/2011  12:00 am  Show Profile   Bookmark this reply Add northwestseeker to your friends list Get a Link to this Reply
In this time the demand for silver for industrial use is at its all time high and we are not producing fast enough... and our economy is garbage.....
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 04/29/2011  12:17 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I agree Northwestseeker and that is why silver is gonna keep going up eh, plus smarter holders of silver taking dips for buying chances and not selling the silver they have hoarded, adding to the shortage I think....
Edited by Silverhawk74
04/29/2011 12:18 am
Pillar of the Community
United States
684 Posts
 Posted 04/29/2011  12:46 am  Show Profile   Bookmark this reply Add Westwood Arms to your friends list Get a Link to this Reply
I dumped my 10% Mexican pesos. All xxx pounds of them. I never thought I would be able to get rid of them near melt. Smelters will not touch them. People are going nuts.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 08/08/2011  12:34 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
WWA-

Just curious, how did you move your 10% Mex, and what price vs spot?
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junior e's Avatar
United States
931 Posts
 Posted 08/08/2011  12:44 am  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
Joe bought 'em.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 08/08/2011  01:36 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
?

Joe?
Joe Momma?
Huh?
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