Wednesday, June 2, 2021

Channel Surfing

You see they never roll the streets up
'Cause there's always something goin'

--Jan and Dean

If you're an investor in Pan American Silver (PAAS), then it seems like you've been getting whipsawed by 10-20% moves ad infinitum. But pulling back the time horizon a bit reveals a different picture.

The stock has basically been channel surfing for the better part of a year--that after a blast higher off the CV19 lows. Slight concave shape to the sideways action looks cup-and-handlish as well.

Interesting how this is setting up.

position in PAAS

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