Fresnillo Share Discussion Threads

[geofft] 01/8/2018 09:05

A kiss goodbye, or a kiss hello though?!

[eriktherock] 01/8/2018 08:56

Yesterdays High was a kiss on the Dec 2016 Low.

[ken tennis] 31/7/2018 20:09

I'm in this for the long haul been here before and made some serious money
So don't panic guys if you got the patients to hold for at least a year
I'm sure you will be pleased with the results at some stage in this timescale.
Always DYOR

[penycae] 31/7/2018 09:11

Still selling into that rise.

[penycae] 31/7/2018 08:40

All depends on the spin they put on the results. If they choose to emphasise the negatives, they'll shave another pound or so off throughout the day, using the momentum already established. If funds of equal weight take an opposite view based on the positives, there'll be an undignified rush towards the exit.
This assumes that the price has been set by short positions. If the sales have been at arms length (which I doubt) then we are oversold on the weekly and daily charts, and are due a bounce. That's the view I took yesterday, but as I said, I've been wrong before.
Either way, this is in play, and there's a chunky gap that will be filled sooner or later.

Trade well and prosper........

[enami] 31/7/2018 07:19

Results look good to me on first read through.

The Board of Directors has declared an interim dividend of 10.7 US cents per share totaling US$78.8 million which will be paid on 7 September 2018 to shareholders on the register on 10 August 2018.

What the market will make of the figures I cannot guess.

[geofft] 30/7/2018 16:59

As predicted. It is truly criminal the way "they" can manipulate prices.

[penycae] 30/7/2018 16:33

Painful couple of days. Just shows what "they" can do when they really try.
Just looked at my sb account. Got a batch of these at £11.23!
If I liked them then, got to love them now.

[geofft] 30/7/2018 16:20

Pound to a pinch of sh*t that they manage to get this below 1000 in the auction. They've been trying all day.

[penycae] 30/7/2018 16:08

Bought another 1000 at £10.03 this morning.
Got the paper, so not worried about these crazy margin changes. My old spread bet and cfd accounts are now "sale only", but I loaded them up last Thursday. Opened new accounts to continue trading, but the margins make your eyes water.
Probably trying to drive us mug punters out of the game.

Trade well and prosper.......

[ukgeorge] 30/7/2018 11:33

Silver is in oversupply. Demand for physical is low due to trump doing so well/strong dollar.

[eriktherock] 30/7/2018 11:16

How JP Morgan are hitting the primary silver producers

[spacedust] 29/7/2018 11:54

Are the charts with those rectangles suggesting a climb back up to 1100p?

I can see this drop to 800p then back to 1200p

[imastu pidgitaswell] 27/7/2018 17:44

Pen, I seem to recall I made an error or two back then as well. RBS or something like that. Mind you, made one or two since as well...

;-)

[eriktherock] 27/7/2018 16:20

You've only ever made two trades ?

[penycae] 27/7/2018 16:05

My bookie has a target of 921 on this. They've just drawn a horizontal line from the April 2016 low as justification.
My weekly and daily indicators show this is ready for a bounce about now, so I'm hanging on with my cfd position. Of course, all that goes out the window if someone is having a serious
crack at this. No big short positions showing anywhere, but someone's certainly selling.
All you can do is remain liquid and add on weakness, unless you think the ship is sinking.
I think there's money to be made here, but I've been wrong once before - I think it was around 2008.

[eriktherock] 27/7/2018 14:48

No. My point was that 'everybody knows' that share prices move on news.
This is not the case in the real markets.
I think you can work out what I'm saying here.
I've been a holder in the past and expect to be again, but not now.
EDIT: The first and last box are significant and both will reinforce what I'm trying to suggest to the suggestible.

[imastu pidgitaswell] 27/7/2018 14:43

Hmmm. That's a lovely idea eric, that everyone plays nicely, but it really doesn't stand up. Are you saying that there were fundamental reasons for the swings over short periods in the random boxes highlighted - noting that a similar combination could be drawn quite happily on other movements and even peak-trough-peak rather than trough-peak-trough?


free stock charts from uk.advfn.com


Methinks there was little behind those other than a high beta stock swaying subject to the vicissitudes of the great and good such as GS.

[eriktherock] 27/7/2018 13:52

Probably best to wait for results next Tuesday before buying.
Fundamental reasons are always produced to justify market activities.

[imastu pidgitaswell] 27/7/2018 13:36

But you can't beat them, you really can't. But you can take advantage of it. Carefully...

[spacedust] 27/7/2018 12:09

Sounds like Goldman Sachs. They are destroying it. Then once it hits 800p they will get one of their croonies to put a buy rating on it just after Goldman have loaded up.

[penycae] 27/7/2018 11:00

Goldies have this as a conviction buy, with a target of £15.75.
Obviously found a new monkey.

Trade well and prosper....

[eriktherock] 27/7/2018 07:57

Interim results due 31st July.

[spacedust] 26/7/2018 16:45

900p and I am in for a 50% profit