"Be fearful when others are greedy. Be greedy when others are fearful."
-Warren Buffett
Intelligent Speculation
for the small investor
My name is Phillip Lyon and I have created this website to help the small investor. My investment philosophy is to invest in undervalued stocks that also have a speculative aspect. My website contains free stock picks and stock market commentary so check back often and tell your friends about my site.
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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