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Suggestions on How To Use TigerSoft
To Trade A Specific Stock
SSRI - Silver Standards - Is Used as The Example.
7/16/2008 chart and comments below
Daily Commentary on SSRI
by William Schmidt, Ph.D.- www.tigersoft.com
I have been asked many times how to use all of TigerSoft's many technical trading tools. "Will you, please,
apply them to a running commentary about a specific stock?" So this site will offer such comments about a stock.
I will save them each night for a month or so, so one can go back and see how prescient the comments
were and how they were arrived at.
I have chosen a Canadian silver stock - SSRI - Silver Standards. Yahoo describes its business. (For US
stocks Yahoo also shows the stock's biggest holders and presents data on insider trades in the stock.) :
SSRI has thinly traded Options .It's website is located at http://www.silver-standard.com On their site,
is a fine map showing their principal and prospective mines in Canada, the US, Peru, Argentina and Australia.
They claim to "control the world's largest published in-ground silver resources of any publicly-traded silver
company." (t should be noted that their rival Pan American Silver (PAAS) says that its "mission is to be the
largest and lowest cost primary silver mining company globally". So, SSRI is by no means the only way to
play rising silver prices. SLV - is the silver ETF. It is great. Silver Futures contracts are also worthy of attention
because of the extra leverage. I should note that my views on Silver and the relative merits of buying silver
stocks versus SLV were stated most recently on our Blog for 2/10/2008.
Silver like most commodities and metals is in a strong long-term trend. As long as that trend continues,
silver stocks will make very good trading tools as well as longer term investments. If you are buying a stock, I
consider it safer and usually more profitable to buy a stock whose industry is on firm footings and in an up-trend.
Below you will see the weekly chart of SSRI as of 2/22/2008. You will also want to keep current on your
stock's news, earnings, insider sales and see who are the biggest holders. Yahoo presents this information
very nicely and it is free. Each day or so, I will do daily comments on SSRI and let you see the basis
if them, using TigerSoft's tools. Our introductory materials will help you understand how to use
our software and these signals.
Wednesday 7/16/2008 29.07 -.52 On 4 Selle..
Tuesday 7/15/2008 29.59 -.90 On 4 Sells..
Monday 7/14/2008 30.39 +2.35 On 4 Buys. Not shows here both gold
Friday 7/11/2008 28.14 +.57 On 4 Buys. Not shows here both gold
and silver made nice breakouts on Friday.
Wednesday 7/9/2008 27.53 +.07 Top 4 systems are on Buys.
Tuesday 7/8/2008 27.60 -.69 Downtrendline overcame challenge.
Stock is vulnerable to a breakdown below 4x tested horizontal support.
Thursday 7/3/2008 28.18 -.35 Top 3 systems are on Buys. But Accum. Index still red.
Wednesday 7/2/2008 28.53 Top 3 systems are on Buys. At downtrendline
Tuesday 7/1/2008 29.47 +.82 Top 3 systems are on Buys. Slightly above downtrendline .
Monday 6/30/2008 28.65 -.44 Top 3 systems are on Buys. Challenging downtrendline .
Friday 6/27/2008 29.09 +.61 All Buys. Challenging downtrendline .
Wednesday 6/25/2008 27.59 -.06 All Buys. Challenging downtrendline .
Tuesday 6/24/2008 27.65 -.62 All Buys. Challenging downtrendline
Monday 6/23/2008 28.27 +.33 All Buys. Challenging downtrendline At 50-dma.
Friday 6/20/2008 27.94 -.44 Top 3 Systems are on Buys. Below 50-day ma support
Thursday 6/19/2008 28.38 -.57 Top 3 Systems are on Buys. At 50-day ma support
Wednesday 6/18/2008 28.95 -.06 Top 3 Systems are on Buys. Above 50-day ma.
Tuesday 6/17/2008 29.01 +.13 All Buys. Challenging downtrendline
Monday 6/16/2008 28.88 +.69 All Buys. Challenging downtrendline
Friday 6/13/2008 28.19 +.22 All Buys. Just below key 50-day ma.
Thursday 6/12/2008 27.97 -.38 All Buys. 50-day ma is resistance.
Closing Power is still declining.
Wednesday 6/11/2008 28.35 +1.07 All Buys. 50-day ma is resistance.
Tuesday 6/10/2008 27.26 -2.01 On Sells from top 3 systems. Broke below declining 50-dma
which is bearish.
Monday 6/9/2008 29.29 -.40 On Sells from top 3 systems.
Friday 6/6/2008 29.69 +.20 On Sells from top 3 systems. just above declining 50-dma
But this is a wide-swinger and there is new talk of a US/Israeili attack on Iran
while Bush is still in office. A close above the downtrend would get many traders
to close out short positions. The (blue) 50-day ma is now rising. That is support.
Thursday 6/5/2008 29.49 +.65 On Sells from top 3 systems. just above declining 50-dma
Wednesday 6/4/2008 28.84 on 3 Sells and 1 Buy. Support is at blue 50-day ma..
Tuesday 6/3/2008 28.80 -.90 on 3 Sells and 1 Buy. Support is at blue 50-day ma..
Monday 6/2/2008 29.70 -.43 on 3 Sells and 1 Buy. Support is at blue 50-day ma..
Technically, the stock has had good OBV (aggressie buying) of late. But the TigerSoft
Accumulation Index remains negative. The turning positive of this indicator would be bullish
and make the stock resemble its behavior last August. This stock is volatile. A move above
the down trend with the Accum Index turning positive, would likely set up a move back over $40
later this year. Not shown here is the bullish chart for the XAU. Get TigerSoft and see for yourself.
Monday 6/3/2008 29.70 -.43 on 3 Sells and 1 Buy. Support at blue 50-day ma..
Friday 5/30/2008 29.94 -.46 on 3 Sells and 1 Buy. Support at blue 50-day ma..
Thursday 5/29/2008 29.04 -.67 On Sells from top 3 systems. At declining 50-dma.
Wednesday 5/28/2008 29.71 On Sells from top 3 systems. Declining 50-dma.
Tuesday 5/27/2007 on 4 Sells. Falling back from resistance line. Accum Index is negative.
Friday 5/23/2008 29.94 -.46 on 4 red Sells.
Thursday 5/22/2008 30.40 -.57 on Red Buy.
Wednesday 5/21/2008 30.97 Switched Red Buy.
Tuesday 5/20/2008 30.74 Switched Red Buy.
Monday 5/19/2008 29.97 3 of 4 best systems are now on Sells. 2 New Sells.
Thursday 5/15/2008 28.91 Hold for 30.
Wednesday 5/14/2008 28.28 Tested lows. Broke downtrends. Red Sell...
Next two systems on Buys.
Tuesday - 5/13/2008 27.96 on Red Sell... testing low.
Monday - 5/12/2008 27.75 on Red Sell and 3 non-Red Buys
Friday - 5/9/2008 27.95 on Red Sell and 3 non-Red Buys
Thursday - 5/8/2008 27.21 on Red Sell and 3 non-Red Buys ...
Test of lows looks seems successful.
Wednesday -5/7/2008 25.92 New Red Sell
Tuesday - 5/6/2008 26.05 on Red Buy... testing low.
Monday - 5/5/2008 26.03 on Red Buy... testing low.
Friday - 5/2/2008 25.57 on Red Buy ... testing low.
Thursday - 5/1/2008 24.93 on Red Buy ... testing low.
Wednesday -4/30/2008 25.71 on Red Buy... testing support.
Tuesday - 4/29/2008 24.76 on Red Buy... broke support for a day.
Monday - 4/28/2008 26.17 on Red Buy... testing support.
Friday - 4/25/2008 26.85 on Red Buy Top System Gain = 128.1%.
Thursday - 4/24/2008 26.13 on Red Buy
Wednesday - 4/23/2008 27.55 New Red Buy. Watch test of 26.-
Tuesday - 4/22/2008 28.05 on Red Sell.
Monday - 4/21/2008 28.29 on Red Sell.
Friday - 4/18/2008 29.23 on Red Sell.
Thursday - 4/17/2008 30.53 New Red Sell -
Wednesday - 4/16/2008 31.10 Red Buy - Notice that PAAS is a much stronger silver stock. -
Tuesday - 4/15/2008 30.02 New Red Buy -
Monday - 4/14/2008 29.52 on Red Sell.
Friday - 4/11/2008 29.96 on Red Sell.
Thursday - 4/10/2008 30.16 on Red Sell -
Wednesday - 4/9/2008 30.42 on Red Sell -
Tuesday - 4/8/2008 30.29 New Red Sell -
Monday - 4/7/2008 31.24 Buys - 3 of 4 best systems are on Buys. Still a red Buy.
Friday - 4/4/2008 31.16 Buys - 4 best systems are on Buys.
Thursday -4/3/2008 30.42 Buys - 4 best systems are on Buys
Wednesday - 4/2/2008 30.27 Buys - 4 best systems are on Buys
Tuesday - 4/1/2008 29.69 Buys - 4 best systems are on Buys
Monday - 3/31/2008 30.33 Buys - 4 best systems are on Buys.
Friday - 3/28/2008 30.96 Buys - 4 best systems are on Buys.
Thursday - 3/27/2008 31.13 Buys - 4 best systems are on Buys.
Wednesday - 3/26/2008 32.68 Buys - 4 best systems are on Buys.
Tuesday - 3/25/2008 31.58 New Red Buy - tops 4 best systems are on Buys.
Monday - 3/24/2008 30.36 on Sell.
Thursday - 3/20/2008 31.01 on Sell... High volume reversal attempt..
Wednesday - 3/19/2008 31.41 on switched Sell... See discussion here of switched sell.
Tuesday - 3/18/2008 33.24 Still on Buy.
The highest paper loss this past year has been 4.2%.
A loss bigger thcomments.an that suggests a risky change in the market.
See Silver comments, too.
Monday - 3/17/2008 34.89 Still on Buy. Waiting for new buy.
Not good trading practice to let a gain turn into a loss.
But here we are mechanically following the automatic red Buys and Sells.
Friday - 3/14/2008 36.35 on Buy.. caught in middle of trading range.
Thursday - 3/13/2008 36.61 on Buy.. no new chart here...
Wednesday - 3/12/2008 35.12 on Buy...
Tuesday - 3/11/2008 34.89 New Red Buy...
Monday - 3/10/2008 34.01 Still on Sell. Waiting for new buy.
Friday - 3/7/2008 36.34 Still on Sell. Waiting for new buy.
Wednesday - 3/5/2008 38.08 Still on Sell. Waiting for new buy.
Tuesday - 3/4/2008 Still on Sell. Discussion of Silver profit-taking.
Monday - 3/3/2008 No new position... but look at discussion of TigerSoft's concept of "BOTHUP".
Friday - 2/29/2008 New Red Sell. 37.12 Paper Profit + 3.37 +9.1% after commissions.
using next day's (Monday's) opening 38.00 Actual profit 4.04 +11.8%
Thursday - 2/28/2008 on Buy 38.00
Wednesday - 2/27/2008 on Buy 37.46
Tuesday - 2/26/2008 on Buy 35.25
Monday - 2/25/2008 New Buy 33.75... next day's (Tuesday's) opening 33.96
Friday - 2/22/2008 Waiting.
----------------------- SSRI weekly chart -------------------------------------------------------------------------------------------------
SSRI's weekly chart shows that it is in a downtrend. (TigerSoft lets you draw diagonal price lines and
see where the lines cross now. It also lets you draw horizontal price lines and see where they cross.).
The chart below shows two longer-term uptrends. One uptrend-line starts in 2006 and crosses at 31.
The other, which starts in 2005, crosses at 26. Both have been violated, Being aware of these
breaks is important. If you do not use TigerSoft's weekly data gathering and Dial Data, know that you
can get a good longer-term perspective from Yahoo's charts. Look also at Google's charts. They line up
news items with their price charts. http://finance.google.com/finance?client=ob&q=SSRI
As long as these uptrendlines are not violated, traders should use TigerSoft's Buy and Sell signals
with the stock.
| Description of Business: Silver Standard Resources, Inc. engages in the acquisition, exploration, and development of silver mineral properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. It owns a 100% interest in the Diablillos silver-gold project located in the province of Salta in north-western Argentina; the Pirquitas silver property located in the province of Jujuy in northern Argentina; the Bowdens project located in New South Wales, Australia; the Silvertip, Snowfield, and Sulphurets projects located in British Columbia, Canada; the Sunrise Lake deposit located in Northwest Territories, Canada; and the Challacollo silver project located in northern Chile. The company also holds a 100% interest in the Pitarrilla property located in the Durango and the San Marcial silver property located in Sinola in Canada; the Berenguela property located in the province of Lampa in southern Peru; the Candelaria silver mine in Nevada; and the Shafter silver mine located in Presidio County, Texas. It has an option to acquire a 100% interest in the Veta Colorada silver property located in the state of Chihuahua, Mexico. In addition, Silver Standard Resources holds a 55% joint venture interest for the exploration of the San Luis property located in the Ancash Department, Peru. Further, the company has an exploration and development agreement with Vista Gold Corp. to explore silver resources hosted in the Maverick Springs gold-silver property in northern Nevada. It has a strategic alliance with Minco Silver Corporation to pursue silver opportunities in the People's Republic of China; and an agreement with Esperanza Silver Corporation for the exploration of silver projects in Peru. The company was incorporated in 1946 and is headquartered in Vancouver, Canada.
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News as reported by Yahoo: (http://finance.yahoo.com/q?s=ssri )
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Financials Income Statement Balance Sheet Cash Flow
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