Hochschild Mining Share Discussion Threads

[stevea171] 15/9/2017 09:08

It only takes a few funds to start offloading here and an avalanche starts. It's like an AIM penny stock.
The 'me too-ers' join in with no thought, just press the sell button (it's so easy) and before you know it the stock is down 10, 15, 20% on nothing substantial but some funds/shorters initiating volume selling and 'the market' does the rest.

You don't see FAANG stocks acting like this. Just their sp's ever up based on hope and truck loads of borrowed money going ever deeper in debt.

[dt1010] 15/9/2017 08:55

What we need is another nuclear bomb test

Followed by a load of rhetoric and maybe even some juicy destruction of Kim's defence establishment.

Then maybe, just maybe this might get back to 250p ;)

[killary cunton] 15/9/2017 08:51

Events like these have little lasting effect as no one really believes it will happen.

This time may be different

[topicel] 15/9/2017 08:50

The reality of course is there is no potential war, just bluster and more manipulation of said actions by the markets. I think as the day progresses it would need Trump to put his size 12s in it big time but even he's on a tighter leash since they got Kelly in the White House.

More annoying is the need to wait for next week's Fed decision and rhetoric again before it all changes course and is milked back up. Owning and holding and accumulating if you can never seemed more appealing when at these levels though as that debt ceiling can will only get kicked so far...

Topicel

[goldenshare888] 15/9/2017 08:47

Just added more on this ridiculous dip!

It's all got way too negative around here for me - time to buy?

:))

[nav_mike] 15/9/2017 08:26

Jeez has the world become so indifferent to potential war that gold and silver actually go down after an event like that?

Mind boggling

[eeza] 15/9/2017 08:25

Miners being sold off by the Crimms. Easier, and lots cheaper, than taking down POG & POS.

[richkid71] 15/9/2017 08:20

Not even a rocket launch can rocket this share.
Very disappointing.

[lauders] 15/9/2017 01:35

Yup HOC hopefully up today after some strength in PM's towards the end of yesterday's session. Add to that another missile test over Japan by NK and up is more likely than down.

Also worth sharing this post and link from a regular on the Ag BB:


WStirrup 14 Sep '17 - 23:42 - 65361 of 65361 0 0

Mike Maloney making a VERY convincing case for accumulating...

[pediment] 14/9/2017 22:10

Gold bounced off its oblique rising daily support today. It's a strong breakout it's following. I expect a decent bounce in HOC tomorrow off the 245.00 historic support. Cheers

[nav_mike] 14/9/2017 21:45

Topicel

LOL absolutely no idea....long since consigned to history as a monument to my financial stupidity :)

I see the threads are still active, but dont read them. With Muncaster and Hind dead Im afraid those losses are long gone.

[topicel] 14/9/2017 21:26

On the contrary, the market ran them up ahead of expectations as much on macro and geo-political happenings as real disappointment in the results.

They were ready to profit take, and over did it with the 18% drop on results - just a bit - and corrected back to 290p soon after. Then along came NK calm and dollar Trump trade returns and PMs and shares in that area have been hammered back.

Nothing HOC specific here or elsewhere I'm sure. Anyway NAV, how's Meldex these days?!

Topicel

[nav_mike] 14/9/2017 20:02

stevea171

Thanks for the civil answer...I had read them - I guess they just disappointed the market after a good run up thats all.

Theyve certainly delivered on their promises since I was last here :)

[stevea171] 14/9/2017 19:59

NAV Mike. Yes, HOC is a very well run company with Eduardo Hochschild the chairman and 51% shareholder. He is one of Peru's most wealthy and respected magnates and is continuing this and other of his family's businesses that go back more than 50 years.

If you're interested take a look at the recent interim results here:

[nav_mike] 14/9/2017 19:58

Charles

Didnt mention that as I dont think it will get anywhere near that. I just looked at an intraday candlestick chart for visible nearly support levels and thought it weird they were 10p apart thats all

[nav_mike] 14/9/2017 19:53

DT1010

You mean me? give it a rest if you do

I posted an honest opinion and a question....sorry if it isnt all luvvy dovey.

Im sure if you were sad enough you could go right back in this thread and see I used to post. I missed out on the big moves here - yep guilty as charged, but doesnt mean Im scumbaggy enough to want the price lower for my own benefit

I just want a safe entry point, but Im bit wary of the chart as its broken below 200 day MA but would be perfectly happy with 245 if it stabilised there

[dt1010] 14/9/2017 19:47

Or 40p

'King Loser.

[charles clore] 14/9/2017 19:39

Mike - surprised you omitted 195

[dt1010] 14/9/2017 19:37

Hahaha transparent SHORTERS abound

'It's strange but...'

Do me a favour.

[charles clore] 14/9/2017 18:06

richkid - may I respectfully suggest that you filter those whose posts you consider tiresome, then you might be happy.

[richkid71] 14/9/2017 17:08

I’m still waiting for GS’s prediction from last year of 700P++ SILVER $25+
Slight over estimation. I’m sure one day we may even reach 400P, just getting tiresome of people’s predictions, usually when metals spike for a few days and people are then ALL IN then are ready to dump it all when things nose dive.

[lauders] 14/9/2017 17:06

Glad everyone is getting along better at the end of the day :-) None of us like seeing HOC dropping as we have mostly been here a while and have kept the faith. Looks like we all have similar mid to long term opinions on the direction of gold and silver as Christopher Aaron who, as you all know, talks a lot of sense IMHO. He thinks that gold could make one last ditch drop to 1280 or 1300 and then we will be set for a strong move north. He has been pretty good in his predictions so far and seems confident of what he says going forwards. 6 to 18 months time span and let's see just how accurate he turns out to be folks:

[dt1010] 14/9/2017 16:53

This will go to 350p when gold and silver reverse and an avalanche of money pours into the sector. HOC will have good news on several fronts over the coming months too.

I will then dump it take my gains and go into cash.

Could see it taking a good few months to do that.