Wednesday, January 25, 2012

Arguments for and against Sabina Silver

Sabina tends to go all digital-flatline when the volume disappears. Then volume comes back and you can flip it.

As in "Step 1: buy Sabina. Step 2: ??? Step 3: Profit!!!"

Not only is today's volume low, but if you DO decide to go and hit the ask, watch the L2 when you do it - those 7 asks at $4.00 instantly disappear and reappear at $4.01, the 14 bids at $3.99 follow you to $4, and you only get 700 shares of your expected 2500 fill. I.e., the robots are running the stock, just waiting for some humans to come in and buy.

I like playing against the TSX robots - they're fucking stupid compared to the NYSE robots.


And, of course, the other side of the coin is the chart of SBB vs SLV since the silver bottom in December. By this chart, SBB does sort of suck. Kinda hard.
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1 comment:

  1. A) cos I'm dumb, and B) cos they have "silver" in their name.

    Seriously, it's been working for me so far. And the impression I got from recent action was that SBB only moves when SIL moves, not so much when GLD moves.

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