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HMB Hambledon Mng

1.775
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hambledon Mng LSE:HMB London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.775 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hambledon Mining Share Discussion Threads

Showing 23176 to 23196 of 23500 messages
Chat Pages: Latest  928  927  926  925  924  923  922  921  920  919  918  917  Older
DateSubjectAuthorDiscuss
10/4/2013
12:10
I agree with chip, one cannot generalise.

Each of us has his/her own trading strategy whether that be on technicals, fundamentals, short term, long term, or any combination thereof.

There are those that buy on the rise and there are those that buy on the fall, there are those that sell on the rise and those that sell on the fall.

There are, however, some certainties, which I would defy anyone to argue against, when it comes to these boards;

1. Those that claim they know a share price is definitely going to go up or down should be treated with extreme caution.

2. Those that take great pleasure (at the expense of holders) in a share price demise should be treated with extreme caution.

3. Those who become wildly over-enthusiastic about a share price rise should be treated (etc.)

and a final one (my view only)

4. People like chip are few and far between and should be encouraged to share their thoughts and wisdom.

saywellxxx
08/4/2013
11:31
One cannot generalise. It must come down to perceived value.

A great example was the crash of 2008. I suffered along with everyone else but bought a lot of stocks in the Autumn whilst the market was in freefall. Several of those gave me 20x gains by late 2010.

I had no idea where the bottom was in 2008 but it was very obvious just how undervalued some stocks had become, so I bought for the recovery. But I was pretty selective and only went for the biggest discounts on offer.

In general I take the view that the majority will usually get it wrong and that the market is very poor at valuing anything over the short term. Especially when a sector is out of favour. So I guess I am a contrarian by nature. So far that has been a profitable stance for me to take so I will continue plugging away for the foreseeable future in the same way.
Chip

chipperfrd
08/4/2013
11:16
I think averaging down reinforces poor decision making. Learn to sell and move on and, next time, try and pick a stock which is rising. It's obviously helpful to know why a stock is in an upward trend but its not essential. Try to avoid justifying poor choices would be my advice. Be honest with yourself.
tymedici
08/4/2013
11:01
As far as I am concerned it is all about value.

I try and make a real effort to value a stock's current and future value in earnings terms and from that get a measure of potential upside.

Hence, if I consider a stock is already trading at a discount to underlying value and that stock falls further, then I will buy more. It is a fairly obvious thing to do as far as I am concerned. Quite why so many people act in the totally opposite way never ceases to amaze me.

I have made some pretty dramatic gains over the years by following that principle and by taking the opportunities presented by the market when they occur.

However, there is always a risk that one has made errors of judgement or that a company will let one down by not delivering on their targets. Taken in the round, as long as one can get more of these judgements right than wrong then the overall impact on a portfolio should be positive.

Hardest thing is to trust ones own judgement when the market is consistently going against you. Plus, it is also very important to realise when a stock has gone beyond it's feasible valuation and to scale down ones holding in a rising market.

I don't buy anything unless I have done sufficient work to establish a valuation that looks realistic. So if I get it wrong then I only have myself to blame.
Chip

chipperfrd
08/4/2013
10:30
No sequoia. Averaging down means buying more shares at a significantly lower price than your existing holding....thus giving you a lower average price paid for your total holding.
It's a neat trick that makes people feel better, but it does mean investing more money in a share that is often falling for a reason. So beware.
PS buying a share as it drops is often called trying to catch a falling dagger.
Not hard to understand why!

almost
04/4/2013
17:26
Actually, chips logic would be reasonably sound anywhere but on the AIM market.

Many of these gold miners with dodgy management and located in highly corrupt countries (Kazakhstan being amongst the worst) came to AIM, not because of the low cost, but because of the almost total lack of regulation and absolute lack of any enforcement.

Managers on the main market can not get away with saying 100,000 oz next year at a cash cost of $600 per oz. Then produce only 50-60k oz and lose money without being booted out of their job.
Dave Paxton of VGM has done this for 4 years and nobody has batted an eyelid.
Worse, there are still people who do their projections based on these figures being probable.

augustusgloop
04/4/2013
12:06
Ty, chip has been buying the whole way down. The fact that 1 top up out of 100 is profitable doesn't make him anything special. Note though, you actually need to sell to bank a profit! Selling is where gold bugs have issues.... They don't do it. Just keep buying more and more. Many will now be lumbered with huge losses that they might never recover from. And all the while other stocks outside the mining sector have been doing marvelously.
1nf3rn0
04/4/2013
11:11
HMB reminder prices bid 1.15p offer 1.2p
giant steps
04/4/2013
06:46
Those who took Chip's implied advice to buy last year when this share dived to under 1p and sold in the region of 2.88 some weeks later probably view him as their saviour.
tymedici
03/4/2013
19:11
Chip's a fool, as are many other obsessive gold bugs.
1nf3rn0
03/4/2013
18:37
Chip provides a very useful service.
He converts the management forecasts into projections of: cashflow, profits & EPS.

However, this should come with a warning that the management forecasts have a history of being wildly over-optimistic more than 90% of the time.

Unfortunately some readers are impressed by the detail of the analysis and take the predictions with an unjustified certainty.
This is probably because they want to believe the numbers because they reinforce their desired outcome.

In many ways he does what the paid company analysts do, but does it better.
He is not aiming to deceive, but the calculations do aid the AIM management's ability to deceive. If they produced the numbers themselves, would we be as likely to believe them?
Also, given the massive discrepancies between projected (accurately calculated) profits and the actuals, it would leave them open to wild ridicule and accusations of lying or incompetence.

augustusgloop
03/4/2013
14:09
Glad that I got out of here a while ago.But not without losses.Looks like a bloodbath on the screen today just the same.
yangou
03/4/2013
09:39
Lol. Tax year selling was what that muppet phillis said this time last year! The averaging down brigade must be hurting. All their favourite gold stocks are down again across the board
1nf3rn0
03/4/2013
09:29
tax year end selling methinks........news would be good company..!!
chrisdgb
03/4/2013
09:07
HMB reminder prices bid 1.2p offer 1.25p
giant steps
02/4/2013
18:21
Imagine if you were averaging down here!! People would think you were mental. Now imagine you were averaging down, not just here, but across a range of equally atrocious gold miners!!!!

And add into that lovely mix a falling gold price... Wowzers!

1nf3rn0
02/4/2013
18:18
"Was there any time share price was lower than 2.85 ever before Christmas eve that you bought?"

You what? lol. I sold on Christmas eve, not bought.

1nf3rn0
02/4/2013
08:31
Will be nice to get some newsflow here....
chrisdgb
01/4/2013
20:37
Well I think that you have lost money on your original investment 1nf3no.
1nf3rn0 28 Mar'13 - 07:31 - 16986 of 16989 0 0

Well you're wrong there pal. Not bought any shares here since the 4p placing a couple of years back - shares which I then sold for 5.4p. Thanks. Sold up on Christmas Eve.
But I do wonder about the averaging down loonies... are they ok?

Was there any time share price was lower than 2.85 ever before Christmas eve that you bought?
seq

sequoia
01/4/2013
19:29
Is averaging down the same as buying on dips? or do you sell the rise,then/or buy average the up.
sequoia
28/3/2013
14:45
HMB reminder prices bid 1.3p offer 1.35p
giant steps
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