Hecla Mining: Short-term buy!
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| Topic: Gold Mining Companies — May 28th, 2008
Hecla Mining Company has been a good vehicle for us in terms of generating profits through short-term trades. We now see this silver producer as being oversold and have therefore decided to buy today at an average price of $9.61. (read more)
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I bought HL today , it successfully retested the low from mid mays plunge on lighter volume , reversed , oversold on slow stochastics , and turning up…short trade for now…but maybe not. I will be checking indicators on the way up to see if HL has strength needed to rise above its 50 d.m.a., etc.
happy trades all
Comment by Robert — May 29, 2008 @ 4:14 am
hi,
i don’t own this stock, but i’ve been watching it fall over 10% from your buy price. do you think it can fall much more or is it worth waiting a while longer to see what happens?
pete
Comment by pete — June 4, 2008 @ 9:34 pm
Pete, If the price falls to $8.00 we will seriously consider buying a few more.
Comment by Gold Prices — June 5, 2008 @ 6:58 am
hecla is now close to $8. is it a complete bargain or is something else up?
i guess all gold stocks are getting hit right now. i’m thinking randgold might be a better buy.
Comment by pete — June 12, 2008 @ 2:09 pm
Don’t know if somethings up theres always uncertainty. However stocks been around for 117 years and survived pressured times before. Ceo is focused and pleased with recent mine purchase. Silver is the play. Compare HL chart to silver or Slv etf. If you know the fundamentals of silver as an investment. If the trend is still up. If you know your supposed to buy low sell high not the other way around like most people then you should know when you have an opportunity staring you in the face. Rangold 67 p/e even with recent big drop Hecla 17 p/e. Buy Hecla the window of opportunity does not stay open for long…….
P.S I bought in at $8.35. If it falls further in line with the precious metals market over the next couple of months to say $7.20-50 I will again buy, write calls and be happy. If it goes out of business tomorrow after 117 years. oh well it’s only money!!!
Comment by Tom — June 14, 2008 @ 9:59 am
We view HL as an excellent buy at the moment and we are looking at buying more stock or possibly call options at these prices.
We also have had Rangold in our sights for some time and so we recently took advantage of this pullback to purchase a position and signal a BUY to our readers.
Please see here:
http://www.gold-prices.biz/randgold-resources-limited-buy/
Keep up the good debate!
Comment by Gold Prices — June 17, 2008 @ 7:36 am