Current thoughts on (HL) Helca Mining?

[esquaredx2]

Hi,
Does anyone have any thoughts on Helca Mining at this time? Looks as if they will release earnings on Monday eve and then deliver a CC Tues a.m.

Hecla Mining Earnings Conference Call (Q4 2008)
Scheduled to start Tue, Feb 24, 2009, 9:00 am Eastern

Thanks for your time,
e

[sliver]

Hecla had a chance to buy the part of the Green Creeks mine that they didn't own. They had to borrow a lot to do it. Finally they have the loan issue settled but it was costly. This will probably keep the price somewhat depressed for several years. With the financing deal they had to issue a lot of warrants cheap as an enticement. Greens Creek is primarily a copper mine with a good percentage of silver. If copper prices start to recover it will shoot up but not until then. They own the Lucky Friday silver mine in Idaho which has produced for over a hundred years and they keep finding more silver the farther they go. I think that it is a good buy at today's price but it won't jump as quickly as the other noted silver stocks until copper takes off.
So if you buy some and can sit tight while you watch CDE and other silver stocks go buy you in the passing lane I think you will be eventually rewarded for your patience.
Sliver

[Diogenes]

HL has really been beat down by shorts but I think that game is over. Silver has been down bigtime in the past 2 days and HL hardly lost anything. I think a bottom has been reached and the conference call and presentation was extremely positive for their future. I bought more today.

Do your homework and checkout HL-c ( preferred shares ). They are incredibly priced right now. If I told you how much you wouldn't believe me so do your own research and see. You can find the offering prospectus on the hecla-mining.com website. Look at the SEC report 424B2 under investor info. It was issued in 2007.

[chux03]

http://seekingalpha.com/article/124517-silver-backwardation-prices-about-to-soar?source=article_sb_popular

HL is mentioned predominantly in this article....and is compared with SLW on a particular point.

This one too:

http://seekingalpha.com/article/122381-hecla-mining-company-q4-2008-earnings-call-transcript?source=sector_theme_sb_popular

[main1event]

Let me ask you this, why buy a stock that is performing poorly. I used to think stocks like CDE would do well. The reason that stocks typically perform poorly is people in the know, realize that its a bad investment.

The only thing that will drive prices sky high is commercial investment.

Please consider a gold stock like AUY that isnt doing to bad. Perhaps NEM.

I think stocks are a bad choice since these miners need loans to start projects. Anything that has debt or needs debt to perform is a poor investment choice expecially stocks with high P/E multiples.

Stick with ETFs or especially the real thing. DGP offers you leverage to the gold price.

[esquaredx2]

Up 15% just today.

Hecla Mining Earnings Conference Call (Q1 2009)
Scheduled to start Tue, Apr 28, 2009, 1:30 pm Eastern

e

[silverheartbone]

The webmaster of this site should ask to be put on the kiddie filter lists.

[cugir321]

Anybody have any thoughts on the 2pm drop.

[hiyosilver]

Probably had something to do with this:

http://finance.yahoo.com/news/Hecla-Announces-60-Million-bw-15415362.html?.v=2

but with that, I look for it to go down to around $2.82 in the next day or so. If it doesn't penetrate that point convincingly, I think it will bounce back from there. If it does penetrate, it will likely go to $2.70 before a bounce. Either way, it's a good entry point. If the general market keeps losing legs though, the next support point is $2.48, then $2.26. Watch the slow stochastic indicator closely for an upmove on the black line. Right now all indicators are down, but there's a squeeze forming on the bollingers.

[cugir321]

I'm in at 3.27...if it opens higher would you get out about .15 cents up if the sto is downward? If the STO starts up stay in? I'm paying for a lesson earlier in the week...thank goodness it's only 100 shares....just a few bucks. It's a good thing! ;) I've got 1000 sh at 3.27 now. Stop loss at 3.10 if the premarket looks down and hope it doesn't open real low? I've been playing with this stock because the swings aren't as dramatic...we'll except a few days ago but that one only cost 50.00 or so.

I've never did much with stock and only did silver because of the rise in spot...figured it's time to learn. So you time your entry with the upward curve of the slow "sto" line?

I used to play blackjack alot...was fairly successful...if you can call breaking even successful. I did learn, never push bets on the downswing and get out when the curve just starts to drop. The STO Sounds very similiar. Looks like I may have made a mistake going in today. I was hoping for a .45 cents upswing tommorrow and sell. I want to get a feel for a similiar hit and run type play like cards. Stay out on the bad, enter on the rise, exit on the peak or just as it falls. Grind it...a little hit here and there.

I'm not going to let this become a 1k lesson unless all hell breaks loose at open and I can't react quick enough.
Probably had something to do with this:

http://finance.yahoo.com/news/Hecla-Announces-60-Million-bw-15415362.html?.v=2

but with that, I look for it to go down to around $2.82 in the next day or so. If it doesn't penetrate that point convincingly, I think it will bounce back from there. If it does penetrate, it will likely go to $2.70 before a bounce. Either way, it's a good entry point. If the general market keeps losing legs though, the next support point is $2.48, then $2.26. Watch the slow stochastic indicator closely for an upmove on the black line. Right now all indicators are down, but there's a squeeze forming on the bollingers.

[cugir321]

I would have sold HL at open but all the indicators looked like a rise for today. (Bought yesteday at 2:00ish) Premarket was up, bonds were slightly up, dollar slightly down, silver rising over night. I heard last night if the bonds moved up then oil should break 70.00....missed that one! I guess I need to pay more attention to a upward STO on entry. I was looking for a .15 cent profit when it first opened because nothing seemed like a rocket upward...bought yesterday at 3.27...once it started to drop and all the indicators started crapping I knew I had to get ready to bail. Seems like it spikes somewhat consistantly at 11:00am...it was hovering at 3.12 all morning. Got the spike at 11:00am and got out at 3.17....I feel fortunate to only lose .10 a share. I don't believe it went over 3.22 after I sold. I'll wait for the STO to move up for my next entry....along with the other indicators. If anyone has any other tips...I'm open to suggestions. I'm certainly a rookie.

[cugir321]

Off to babypips.com

I'm fried at 3rd grade!!! Fibonaci is very interesting and very intense.

I would have sold HL at open but all the indicators looked like a rise for today. (Bought yesteday at 2:00ish) Premarket was up, bonds were slightly up, dollar slightly down, silver rising over night. I heard last night if the bonds moved up then oil should break 70.00....missed that one! I guess I need to pay more attention to a upward STO on entry. I was looking for a .15 cent profit when it first opened because nothing seemed like a rocket upward...bought yesterday at 3.27...once it started to drop and all the indicators started crapping I knew I had to get ready to bail. Seems like it spikes somewhat consistantly at 11:00am...it was hovering at 3.12 all morning. Got the spike at 11:00am and got out at 3.17....I feel fortunate to only lose .10 a share. I don't believe it went over 3.22 after I sold. I'll wait for the STO to move up for my next entry....along with the other indicators. If anyone has any other tips...I'm open to suggestions. I'm certainly a rookie.

[hiyosilver]

The market threw just about everybody a head fake thursday....I still think we'll hit near the $2.82 mark with HL.....but the black line on the slow stochastic seems to be making a turn and has dipped into oversold territory.......so I'll stay with my initial call, just a slight delay...:)

[cugir321]

It's already hit 2.88. I'm sitting here trying to decide if I should buy in at where I sold. 3.17....I'm thinking I may bump it up a little. 3.25. That way if I catch it and it rises I'm one the up swing. I'm a little afraid it will go 3.30 and then drop again. 2.70 for a stop loss? Should I wait one more day? If it changes quickly it will be at 3.75 before we know it. 3.90 for an exit to take profits or lower???

P.S.
added a few hours later....

I've been playing usd/jpy down and gold/usd up on forex....just made about 3500.00 on the crashing dollar. I'm up about 1000.00 on gold. i'll take my profits if gold hits 959.00 spot. If it continues up tonight then I'm going to buy Helca when I wake up tommorrow at 3.17. I think the bottom has been reached and we're headed up if gold continues up tonight.

(this is all play money at forex...)

a little later....dollar is getting lots of upward pressure....guess tommorrow will be a ho hum day.

The market threw just about everybody a head fake thursday....I still think we'll hit near the $2.82 mark with HL.....but the black line on the slow stochastic seems to be making a turn and has dipped into oversold territory.......so I'll stay with my initial call, just a slight delay...:)

[cugir321]

Gold up 2.00....dollar back down a little. Put in the order....

Buy HL at 3.25. We shall see if it buys today!!!

[esquaredx2]

Hi all,
Well, I sold all my up hl today. I hope I can get back in after what I read could be a small dollar rally and the usual seasonal pullback in pm's.

Good luck to all!!!
e

[cugir321]

I'm not too worried...my stop loss is 2.70 so if it crashes I'm out 500.00. One spike and I got it. If silver takes another run then it will probably get to my limit of 3.75Hi all,
Well, I sold all my up hl today. I hope I can get back in after what I read could be a small dollar rally and the usual seasonal pullback in pm's.

Good luck to all!!!
e

[esquaredx2]

A mentor once said to me, "set a floor and a ceiling when you purchase a security". Looks as if you are covered well.
Although I cashed out a little sooner than my original plan, HL treated me very well! : )
Wishing you all the best,
e

[hiyosilver]

support is now $2.78, below that about $2.50

[cugir321]

The elliot wave article posted yesterday is interesting. (post on main forum) I'm waiting for one more little push down. 3.25 seems to be my buy in for the next wave up so I can protect against a fake out. I'm still not sure about the limit. If we see 20.00 for spot silver then it seems the stock could break 4.00.

4.00 limit to collect profit???? 3.75?


support is now $2.78, below that about $2.50

[hiyosilver]

hmm, if it doesn't bounce now near $2.33, it's headed for $2.00...

[cugir321]

Helca.....I'm thinking in the next one to two weeks it could start back up to 4.00 a share.

It looks like between the beginning of may and about the 10th of june there was a head and shoulders pattern that played out. Now, it looks like it's 3/4 of the way done forming a reverse head and shoulder pattern. I think if the price rises to 3.25 and drops back to 3.00 by july 3rd or so then we may see 4.00 by the 15th of july.

If the RHS pattern finishes and goes to about 3.30 on completion then 3.75 to 4.00 is a real good possibility.

I'm not sure what the descending pattern is from june 1st to the 22nd. A wedge??? Any thoughts?

[esquaredx2]

Hi,
Well, I couldn't stay away. I am back into HL again today.
Roll the dice and let her ride!! ; )
Cheers.
e

[hiyosilver]

Hecla has pretty much stayed beneath it's 18 dma since the first week of June. That is typically bearish. The one time it poked it's head significantly above it, it ran into the 45 dma wall. Stochastics are neutral but pointing to the downside. Perhaps down to $2.30ish in the next few days, I think. But I think too that the general market is at a tipping point. Personally, I'll wait until the stochastics embed under 20 again before I'll consider a buy here.

[hiyosilver]

Don't know where this market's going...maybe it'll continue to rally...and maybe it won't....anyway, I sold off a little bit of Hecla today at 285%....but not all...:)