Bottom of the SSRI dip????

[blox87]

I own shares of SSRI and they just offered some shares to the public to clear up debt and have more money to grow ect.. but at the same time the spot price of Silver has gone down. There is a substantial dip right now and I'm wondering if any of the Veterans on this forum could possibly give their opinion on weather the dip looks like it's near reversal or not.
Should i be buying strong right now?
Thank you in advanced.

[chux03]

If you believe in "buying on the dips" and this qualifies as a dip then this could be a time to buy. If there's some doubt, don't buy all at once. But if I was able to average down or maybe even take an initial position on such a dip, that's the way it would be done. SSRI is one of the leading silver stocks and it is in a bit of a dip right now. My own thinking on this would be to ultimately include what I thought silver was going to be doing in the short term. I would probably buy SOME here, perhaps most, as silver and gold are pretty active, so depending on the amount of money you're spending and that spot is hanging sideways around $12.80 or so and yes, I'd be buying in tranches and looking for the spot price to head north as the trend. Good luck!!

[chux03]

Hey....SSRI UP .44 and I see silver's back up over $13. Hope you bought more!! Looks to be more upside on that one than downside as they're a GREAT company. Looking at their chart and buying last November, a person should have then LOADED THE BOAT with Silver Standard shares.

[blox87]

I'm very pleased to see todays results so far. Loaded up on the way down..bought in at 13.55 on the march 2nd and 13.13 on the 3rd of march. I love getting in near the bottom of a dip :D as of right now its up almost 7% for the day or 81 cents and the dow is -250. The miners seem to be moving up more than usual today in relation to the silver price.

[chux03]

The Stansberry & Associates (aka S & A) Oil Report for March 2009 has come out with a special report that calls Silver Standard Resources SSRI the BEST Silver Stock of 2009. They also call it The World's Cheapest Silver Company and show a graph that says that SSRI's Price Per Resource Ounce is the lowest in the industry showing 1.5 BILLION ounce Silver Resource valued at $0.45 per ounce!!!

It was a quite flattering review and if you want to learn more, here's a link:

http://www.stansberryresearch.com/pub/oil/index.asp

Even though this newsletter is called the S & A Oil Report, they frequently have precious metal investments too and this appears to be one of those times....

[tarponking62]

I just bought 5 contracts Jan 20 (KTZAD) for $3 ea, they are down $1 today even though stock is up

Strange, it's a widely traded contract