SWC Cover Recommendation
SWC - Stillwater Mining Company (NYSE) - (Closing Price - $13.19)
In my last update I wrote that I thought SWC was going to continue to decline and that you should continue to hold your short position. However, if you shorted SWC at my initial recommendation you are sitting on a big gain and I think now would be a good time to cover.
SWC reported lousy first quarter results last Thursday and the stock price has managed to hold up. Also the price of platinum is starting to creep back up again. Therefore, I am going to give a cover recommendation at today’s closing price.
Disclaimer: I have no position in SWC.
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