May 21, 2013 – USLV Update

A few hours after I made the post about silver dropping to new lows, it spiked up!

big silver spike

I had an order sitting to buy 800 shares of USLV @ $7.92 and it didn’t get filled because USLV only got down to $7.95.

If my order had been at $7.95 instead and had gotten filled I would now have 1,385 shares of USLV with an average cost of $8.64 and with USLV currently at $9.21 I would be up $796.  However, since that order was not filled, my position remains at 585 shares with an average cost of $9.57 and is currently down $212.

My order for $7.92 is still open.

May 17, 2013

The order to buy 400 shares of USLV @ $9.00 was filled this morning.

The next entry will be 800 shares @ $8.00.

Edit -I typed the wrong price in here. I meant 800 shares @ $7.92, not @ $8.00.  I apologize for the confusion.  As of now (9:56am CST May 20, 2013) price has made a low of the day at $7.95 and the order has not yet been filled.  If you are following my journal thread on ET you will see that at 2:03pm on May 17th, 2013 I posted that the next buy order was 800 @ $7.92.  I think I typed the wrong thing because I was thinking “800 shares” and somehow the “800” stuck in my mind and came out again when I typed “$8.00.”