Just a little update on Silver America, Inc. (SILA)...
SILA had, what I would call, a good and GREAT first day. The price movement was good -- it gained over 10% -- but the volume was GREAT! It traded over 800,000 shares when its normal volume is under 10,000.
And the stock was very easy to trade, too -- it didn't run away at the opening bell, and it traded in the green throughout the day.
The chart is still too new to offer us much predictive value, but I can tell you this: SILA is still under accumulation -- and that could mean more gains could lie ahead -- if you hold you shares, or buy more! But be sure to protect your downside, just in case.
Bottom Line: Keep an eye on SILA!
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