well its been just over 3 months since i last posted regarding hecla...
trigger time is under $ 6 a share...
start nibbling at the close,
also some long term call options strike 7 & 8
should be nice big gap down in am, so pik ur spot...
this is where the mollah is made...
also gpl is a major buy on gap down tomorrow...
HL $5.69?????? Wow that is even after the divvy was announced!
Coin shop wasn't budging on the silver today, 27 x, and $38 for generics, so I'm going to throw that money into Hecla March $6 calls at .92. A fool and his money are soon partying? Isn't that the saying? My wife wants to know how a fool got the money in the first place.
I'm surprized to see the lack of enthusiasm for HL since that dividend announcement thing last week...But Hecla is in the 'buy zone' now with a low at 5.30
Still, looking at the charts, I keep seeing a smooth slide settling into the 5 dollar magnet line. just to get the best bargain. There are support levels below 5 , Hecla's low last summer (2010) looks about the 4.50 area.
But Hecla at 5 might be decent enough to consider. Problem is, you cant buy every stock out there. and pound for pound,I think I'd rather own SVM (silvercorp)
Maybe if HL drops to 4.70 I'll have to bite.
It time for HL to reach $17.47 by Feb 2012
around the 6.50 area across the chart resistance for HL....I personally would want to see what kind of bad bounce off that resistance happens first before jumping on HL.
I figured a bottom target would be around 4.70 - 5 area and 4.82 was the bottom the other day. (not a bad call)
but now we have to see what weakness might look like at the 200 MA area....and maybe alot of stock charts look like this now.
If these resistance levels correspond to Silver resistance around 36-37..... watch out for the shorts to make their move then.....I cant imagine clear sailing thru the 36 level without some struggle and effort to drive price back toward 30-31 area. There is a gap window at the key zone 30.60- 30.75 area. From the bottom at 26 to the resistance at 36 puts a 50% fib right at the gap window, 31 area
I expect Helca to double within the next 12 months. Expect Helca to be at a minimum of $12.00
HL has been strong the past few days and a large percentage gainer.
I assume that is due to the fact that earnings are coming out next week and people expect them to be good. Anyone buying HL here? It is a large low cost producer. TIA
Hecla did exactly what I forecasted....bottomed at 4.82...and is hitting resistance now at 6.50 area , more resistance overhead around 7...a gap zone between 6.70 and 7....the only thing to forsee now is a pullback to the 5.70 area...and on the weekly chart is a Big triangle at the 6 area where it will have to jettison is some direction up or down. heading into the year end and as the new year begins.
I'd rather own SVM at 8 than hecla at 6
What can we expect from HL earning? I think it will do some serious jettison upward in Nov, Dec and Jan.
lots of enthusiasm for this stock, but I still don't understand why it dropped so profoundly. Is there a good analysis of this company, and it's prospects over say the next 12-18 months?
Yes. Plus the dividend. Currently the largest silver producer in America and also lowest cost. The environmental thing seemed to be a problem for awhile, but now with that settled things should go better. It was being shorted a lot previously don't know about now.
didnt know that. Thank you my friend.
The technical charts for Hecla, weekly and daily dont look bad. All normal price action. Hecla made its bottom with most others in october 4 low.....proceeded to make a nice 5 wave rally to 7 and is now pulling back to the ,so far, standard fib correction zone. 5.80-5.50 is normal ....and even a further slide toward 5 becomes a better buy zone, as a wave 2 correction. The longer term charts could suggest HL as a nice bargain below 5. The vision begins at the pivot low of July 2009 around 2.50.
from there we see a support base at 5 which is a 'double' .... 5 is a nice area to come to rest and that makes 4.50 a nice bargain zone for HL to buy some more.
Top targets look like 8 to 8. 50 area. How much price movement Hecla can do in the final month of 2011 toward these targets, ....... I sense it needs more than 1 month to get there. I like HL below 5 as a bargain. and to sell some around 8 to 9.
heading Down to the central station.... timing ? maybe first week in december...maybe around 5-5.15 area... lower is a better bargain. What the Heck. or should I say, hecla, 5 might be ok. and in a market crash of world ending proportions that destroys all life on the planet, Hecla could become a bargain at 4.50 or lower. Dont people like that dividend idea?? talk about some cotton candy . hows newmont mining doing . same as all the others. down is down and up is up. wave cycles and wave structures,all taking their time to play out. but the wave down can be seen as a pullback off the october bottom, until the october low gets breached....then we can all go ...."Oops" and realize we f u%*#k'ed up ...and should be buying treasuries and dollars.
and still ..... I'd rather buy SVM now at 7 than Heck at 5.25
Hecla made a nice breakout today. but theres big resistance overhead around 6.80- 7 area and a pullback now to find the gap at 5.70 area looks like a target. If there was reason to be confident in silver and miners going bullish Up these days.... this would be a pullback to buy at 5.70..... but.... I'm not comfortable these days..... are u?
the year is ending soon and the world is full of turmoil going into 2012. I would only buy the very lowest of lows at this point. SVM at 6.30
Avion at 1.40
GG at 42
SLW at 29/28
silver bullion at or below 30 gold at or below 1700 ,closer to 1600.
I'd like to see his follow up to this video. we're left hanging on what he's gonna say next.