Daily Blog
-Tiger Software
SILVER STOCKS:
A NEW RUN IS STARTING
Anyone Remember 1980 when
Silver hit $50/ounce.
SSRI IS OUR #1 BUY IN GROUP.
(Follow Up)
November 6, 2007
=======================================
William Schmidt,
- Tiger Software's Creator
(C) 2007 William Schmidt, Ph. D. - All Rights Reserved.
No reproductions of this blog or quoting from it
without explicit written consent by its author is
permitted.
Send any comments or questions
to william_schmidt@hotmail.com
Important price breakout advances are now taking place in Silver and
the silver stock, SSRI. These were expected. What most do not appreciate is that only a
few price new highs qualify as "Tiger Breakouts". But these did. You can see the conditions we use to
qualify such breakouts in my book "Explosive Super Stocks". 175 pages. $75.00 A taste of it, with
many of the key conditions mmentioned, is seen at http://www.tigersoft.com/--3--/index.html .
See also http://tigersoft.com/Tiger-Blogs/10-28-2007/index.html
Qualified breakout buying is a trading technique designed to use trading capital
most efficiently. Most of the time, stocks are going sidewise, rather than decisively rising.
Tiger breakouts are designed to get you into the stocks that are moving. In the weekly chart
of SLV below you can see that 100% of all the gains in SLV (Silver as a Commodity) came in the
three months following the price breakout.
The Tiger Breakout approach is also designed to get you into the stocks that are strongest,
at any one time. Many of these rise very quickly. Some rise hundreds of percent in a year. But
vigilance is needed to use this approach, when breakouts fail, the stocks have to be sold at a small loss.
This assures you that you are in the very strongest stocks and that a decline in the market as a whole
does not hurt your investment capital. When the stock or commodity behaves expected, our studies
show we should just let it advance, "let it run". As long as it makes new highs and not minor new lows,
your profits will grow. Eventually, it will top out and decline. Our Explosive Super Stocks book
shows you how to recognize the top in the stock and not overstay your welcome in it. Many people
use certain moving averages in this case. We discuss this. But we look also at the internal strength
readings for the stock. Almost always there are tell tale signs that the stock is peaking and about
to decline.
I suspect that the breakout in Silver will mean at least a 33% gain in three months. A move
to 20 is technically the least that is expected because of the 5 point height of the preceding price
pattern that is being broken above.
