Highland Gold Mining Ld Share Discussion Threads

[srpactive] 06/10/2016 09:17

Right three down days as mentioned, xd date today and now history.

Time to get back over 160p and charge at 200p.

dyor

regards

active

[srpactive] 06/10/2016 08:23

Morning all

Bought a few more, third down day and a fair drop from recent high.
Hopefully I may just qualify for the xd also.

dyor

regards

active

[celeritas] 05/10/2016 20:24

My main worry here is Russia itself, no d its akwarz been my concern but never stopped me from holding.

Other for me is aaz, it's currently showing strength which makes me wonder if a new azergold licence is in the offing. Its also not ran with the rest yet as it was originally sold down by a forced seller.

[mortimer7] 05/10/2016 20:12

ex divi in the morning, so will likely be marked down 5p at opening.

[wassapper] 05/10/2016 16:45

somewhat related to the POG perhaps? One cannot totally divorce the price of a gold stock from the POG.

[srpactive] 05/10/2016 16:30

Mm's driving this down.

[srpactive] 05/10/2016 14:15

Two down days, now for the charge at 200p, cup and handle formed on the chart
looking very strong.

dyor

regards

active

[srpactive] 05/10/2016 13:41

What a good strategy very well done, it is always nice to
read when someone is doing well, keep posting.

regards

active

[chipperfrd] 05/10/2016 13:37

Active,

By default, I NEVER sell on a move down (unless something awful has happened with the fundamental case), I only sell a position when it's specific pre-ordained price target has been met. This is a straightforward calculation from where that position was bought - normally c. +30%, but depends on the stock.

I always look to BUY on a move down, again according to the last position buy/sell action. So I always have a price at which I will buy - normally -7.5 to -10% (depends on the stock).

Those margins are also weighted by the changing prices of the PMs. If I am already totally free-carried on a stock, then I keep a rolling BUY price based on the last market closing high.

My average over 201 closures so far is +35.2% per position (in free shares of course!). Of those, HGM made up 26 closures out of 28 bought positions.
Chip

[wilco1000] 05/10/2016 12:45

Couldn't agree more Chip, removing sentiment is certainly the key to investing in my book. Often if a share price starts to turn people's sentiment towards a stock also change even if the inherent company fundamentals remain the same. I remain boyish on the price of gold in the medium term hence any changes in the share price now will not dampen my outlook.

[srpactive] 05/10/2016 11:50

Chip

Yes, the trouble is if you sold at the move down
only to see it bounce swiftly higher, you would non to pleased.
But I agree if you get it right it works, if not
it could be a once in a life time opportunity missed.

Probably I am the tortoise in the race and you are the hare.

dyor

regards

active

[chipperfrd] 05/10/2016 11:31

Thanks Active.

Here is the last 2 years of 'Zig-Zags' in the HGM market price. I think it underscores the possibilities offered by a volatile market.



Chip

[srpactive] 05/10/2016 11:28

Yes I bought more earlier myself.

dyor

regards

active

[pixi] 05/10/2016 11:26

The investment case has not changed so I increased my holdings yesterday. I am a long-term investor.

[srpactive] 05/10/2016 11:21

Chip

Very good post, sometimes in life when things change to
the negative we need to look at different ways and
challenges to succeed, it keeps one on his/her toes.

dyor

regards

active

[chipperfrd] 05/10/2016 10:51

wilco,

Everyone has to find a way that suits them and which they are comfortable with.

I had to find a way to deal with the slump in PM stocks since 2012 and ended up creating a price-based system that aims to accumulate profits in shares whilst reducing overall holding costs.

I found it worked well during 2014/15 and slowly added more stocks based on my own underlying interpretation of 'value'.

The particular advantage of this system has been the automatic generation of buy/sell price points for every stock and for every position held in each stock. This has helped remove any emotion during market moves and has acted as a steadily moving 'ratchet' to capture free-carried shares and to provide price points to buy back in.

The other huge advantage has been more efficient utilisation of my investment pot as cash is being constantly recycled and is therefore tending to receive multiple gains per year rather than being locked up in a fewer stocks.

So far this has resulted in 312 position openings with 201 closings (ie cash round-tripped) on 20 LSE-listed PM stocks.

It is debatable whether the same investment pot used as B&H would have resulted in comparable overall gains as that would have required very specific stock selection. Taking such a retrospective view is very subjective and, in any case, totally hypothetical.

Having evolved through typical B&H strategy coupled with dabbles in CFD/SB margin trading, I am more than happy to continue in this present vein as it has been remarkably stress free and works pretty well even when travelling away from home (as long as I have my laptop loaded with current files of course!).
Chip

[srpactive] 05/10/2016 10:21

Some can and do, but I am not one of them, I try to
find recovery stocks with dividends, so when they
recover the dividend does too. So I like the income
with the assistance of recovery, a possible 11 - 12p
dividend this year will be most rewarding especially
on my 30p purchases. Happy to hold, and look for
more recovery shares, I am now investing more in the
oilers, from my gold mining dividends.

dyor

regards

active

[wilco1000] 05/10/2016 10:10

Read some research a while ago that investors who trade on fluctuations trying to call the top/bottom end up significantly worse off than buy and hold investors so I have no interest in following the crowds and cashing in anytime soon.

[srpactive] 05/10/2016 10:10

This 10% intraday retrace can be expected, as the chart
is drawing a move down onto support. Bought a few more for
the handsome dividend.

dyor

regards

active

[garycook] 05/10/2016 01:02

Gold getting smashed why ? Who detects to mark Gold lower by $40 Dollars ?

[dilbert dogbreadth] 04/10/2016 21:56

Yes you stated £1 was definite if I RemEmber last time. It didn't did it and then went to 1.60

[trt] 04/10/2016 14:41

The last retrace took us to £1.17ish

[trt] 04/10/2016 14:03

For me time to take a little more profit got to bank some of the gains before this turns !

[edjge2] 04/10/2016 10:54

Everyone seems to call for 1300 break, just wonder if it'll bounce to confound the majority. A bit of deutsche would help as it will not go away.

[edjge2] 04/10/2016 10:52

Noticed the yank goldies/silvers seem to be down this week but ours are anticipating the inevitable rise. Bought a few aussies and yanks probably too early to avoid our inevitable currency drop. Aussies doing better. Just looks odd.