Fresnillo Share Discussion Threads

[trader536] 24/2/2021 15:03

Did I hit a nerve there stupid? lol

Cutting winners for £25 profit and holding on to losses for years in hope is what clueless armatures do, you clearly fall into that category.

[trader536] 24/2/2021 14:56

Its far more efficient to add to winners rather than doubling down on losers

[trader536] 24/2/2021 14:53

Holding losses for years is a very poor use of capital, its only a matter of time until a loss grows too big to recover from. Thats how bearings failed

[trader536] 24/2/2021 14:51

Stupid - Look at where you bought at, then look at where I bought at and ask yourself who is making the most efficient use of their capital?

Holding that loss for 9 years at VLX has obviously caused you emotional and psychological issues. I'm surprised you didn't learn from it.

You went on to hold a loss in FRES for two years

[trader536] 24/2/2021 14:34

Stupid - look where the FRES and POLY prices are in relation to the 2016 highs, look at the metal prices in relation to the 2016 highs and ask yourself which one has the largest potential from current price.

[trader536] 24/2/2021 14:15

Target.....

[trader536] 24/2/2021 14:13

Of course its going to plan you plank. This is were the smart money was buying.....

[zicopele] 24/2/2021 12:29

How can poly be lumped in with all those illiquid stocks on IG list?

Crazy that a ftse100 company cannot be bought on margin.

Anyway looking forward to results next week which will be excellent for both companies.

[imastu pidgitaswell] 24/2/2021 11:31

He did indeed. But he also had POLY at £22.

[zicopele] 24/2/2021 11:28

Just joking.. ethics, environmental important but the main driver currently is movement in Au price.

When Au price changes, fres falls. That UBS analyst also put a spike in the price.

[trader536] 24/2/2021 10:57

Why? You sold Fres before the big rise at 800 odd and bought them back at 1200 odd lol

[imastu pidgitaswell] 24/2/2021 10:42

You not a wigwam dweller then zeeks? Sleep with the endangered otters?

POLY showing signs of life - this, not so much. Could even rotate a few, but selling POLY at 1530-odd would be madness.

[zicopele] 24/2/2021 10:27

Ethical awards my ass. Price of Ag is up so fres is down. Price of Ag is down so fres is down.

It is all about the price of Ag.

[permbear] 24/2/2021 09:40

I saw that, we don't need your ethical awards FRES we want to go to the moon! I was too distracted trading easyJet the past few days to be playing with FRES, I'm holding until results day and if it's not piping hot then I'll probably rotate out.

Slightly off topic but does anyone have experience buying from hxxps://www.goldinvestments.co.uk/? Some of their low premiums seem too good to be true and some of the product descriptions are quite vague: not specifying if it's minted or cast and whether new/pre-owned. I gave them a call but went to voicemail.

[imastu pidgitaswell] 23/2/2021 14:55

Did you trade it?

[permbear] 23/2/2021 14:54

Like clockwork and as predicted earlier. ..

[imastu pidgitaswell] 23/2/2021 10:40

Just added again at 945.

[imastu pidgitaswell] 23/2/2021 09:33

I can't get too excited about a pullback from a price that it has only exceeded for a few days in several separate peaks out of more than 5 years, and is higher than this time yesterday.

I'm short term and flexible, but that's a but much, even for me...

[permbear] 23/2/2021 09:29

We knew they were going to drive it back down below $28 (-1.2% now), it could well get worse later...