Fresnillo Share Discussion Threads

[permbear] 13/1/2021 15:36

I didn't ask as to which platform I can short a stock on did I...Quite clearly. I am genuinely curious how someone who's not a MM or algo short-term trades a PM miner like FRES (and actually turning a profit) which so regularly defies fundamentals and PM price trajectories, today being yet another example.

[stevedaytrader] 13/1/2021 09:58

Of course you can Permbear- hundreds of platforms available for the shorters

[diggybee] 13/1/2021 08:17

Drink heavily and early.

[imastu pidgitaswell] 13/1/2021 08:06

I didn't say day trade.

[permbear] 13/1/2021 08:05

It did indeed and now all of those gains on that VERY rare day are wiped out. How on earth can you day trade FRES? It's like a drunk chimpanzee flying a Sopwith Camel...

[imastu pidgitaswell] 13/1/2021 07:59

Very true - but it is therefore a great trading share. Up, down, nowhere overall.

Works for me.


PS - it rose 10% last Monday. 🙄

[permbear] 13/1/2021 07:52

FRES is a busted flush. Yes PMs dipped yesterday and Pound strengthened but share price capitulation yesterday was completely disproportionate and just so typical of its pattern over the last few months, POLY was only marginally down. From a share price perspective, FRES is back to where it was in July 2020.

On strong PM days it bumbles along +2% at best and I frequently witness subdued sessions when the share price ought to be flying. I got out on Jan 7th at around 1260 (my entry prices ranged from circa 600-950), still a tidy profit but I'm very disappointed with FRES overall. Even if does go on to rally a bit later this year, so what? It's been an extremely poor use of capital for 6 months now and there are so many better places to deploy cash at the moment both in equities and crypto. Adios amigo.

[zicopele] 12/1/2021 15:58

Nature abhors a vacuum. Thus has been a magnificent trading share.if ever a buy and hold policy was inappropriate....this is a good example.

[imastu pidgitaswell] 12/1/2021 15:44

So the gap has been filled.

:-)

[imastu pidgitaswell] 11/1/2021 13:05

Well it was...

Enjoying the volatility.

[ifthecapfits] 11/1/2021 11:32

Nice turnaround.

[zicopele] 08/1/2021 17:38

This is wild enough. Just looked at Pan American Silver. Down 8%. Looks like we may hit 1130 on Monday.

[plunger2] 08/1/2021 17:30

This here is just so boring when we have a new space race out there.

Rocket Tesla v Rocket Bitcoin

Who can find Captain Kirk first?

LOL

[imastu pidgitaswell] 08/1/2021 15:08

Why wouldn't you just trade this (and POLY). It just is what it is - volatile.

What a week (so far...)

[plunger2] 08/1/2021 10:47

It's a momentum driven market - rationality is suffering.
But the market can stay irrational longer than I can stay solvent.
It's fun watching Tesla from the sidelines.
I read a book called The Funny Money Game about forty years ago - it should be compulsory reading for anyone who wants to explore bubbles.
Not that Tesla at $850 has anything remotely to do with a bubble !!!

[imastu pidgitaswell] 08/1/2021 09:23

Don't anybody mention gaps...

[zicopele] 08/1/2021 09:09

Maybe the market sees that fres and the silver price are borrowing from the future and every now and again discount any increase in price as excessive.

Maybe the market just gets nervous. Nobody knows even though we are part of this market.

We are getting closer to reporting day.That always makes me nervous with fres.

[permbear] 07/1/2021 08:26

Rubbish. Gold rose on the eve of the election to 1,950 on the expectation of a 'blue wave' with the Dems taking the executive and Congress, when that clean sweep didn't materialise it pulled back. Full Dem control means unprecedented stimulus and the money printer going into overdrive thus further USD depreciation and PM price surge. PM prices always increase in response to more stimulus and QE.

Yesterday was bizarre, PM prices surged (yet FRES was down -1.5% simultaneously in the morning). PM's then plummeted out of nowhere yet FRES finished in the green, POLY and CEY held up okay. Today, PM prices are trading below yesterday morning's session and yet FRES is up 2+%!

[imastu pidgitaswell] 07/1/2021 07:23

Stability - the two local election results mean the Democrats control both houses (effectively) and therefore Biden can do what he wants re legislation (within reason) - so stability means gold comes down.

Immediate reaction anyway - pre insurrection...

[permbear] 07/1/2021 01:35

Yesterday was a strange day indeed. We had 'the big one' we'd all been waiting for, a Dem victory in Georgia handing them control of Congress; this SHOULD have been THE huge tailwind for gold. Instead, it touched 1,960 and then was forced back down again to just above 1,900. FRES bizarrely held its position yesterday (along with POLY and CEY) and didn't tank along with PMs, presumably due to Cable falling circa 0.5% during the trading session.

[kennyp52] 06/1/2021 18:10

His thoughts thereafter ... to sit on his ladyboy’s lap and grind him .

[lovewinshatelosses] 04/1/2021 18:00

trader - you have suggested your target price and in previous posts, your timeframe, for FRES. What are your thoughts thereafter, if I may ask? Physical PM's only or a totally different sector(s)?
I am struggling to see a better 2-5 years or more, long term play, than PM miners, in spite of holding a reasonably broad range of other stocks right now personally. Diversification etc.
I remain baffled with the optimism of the FTSE markets to be honest!