3 months old, but still relevant: http://tinyurl.com/jzarmzy
And the follow-up piece from 2 days ago: http://tinyurl.com/zklqtan
Hey CF - long time no see!! I was in your backyard about 2 weeks ago, but had to be in another city the next morning, so couldn't meet for dinner & catch-up.
I've been thinking about a project where those that have actual information/input and answers regarding HL can post without having to put up with certain posters who add nothing to the board - maybe a Word-Page kind of deal if anyone would be interested.
I, too, have been watching options, but am uncertain of a LOT of the basic questions, like: Can you sell an option before expiry?
Anyhoo, still setting all on my 65K shares, and for the first time in a LONG while, am green on my HL holding.
Good to see ya back here!!, and Hi! to K.......
Where have we seen this before?
"Silver margins are rising on the Comex division of the New York Mercantile Exchange as of the close of business on Friday, CME Group said in a notice."
Being that the squeeze has JUST started, and that HL is ALREADY @ $5.50, I agree timimonti, that is too early an exit point.
HL still shows 35MM shares short as of 6/25, which in the ONLY reason HL is up today. My other major holding, SLW is down a bit.
Going a bit further, I'm thinking a bunch of folks are going to jump in and out with a double or triple, and go away happy, but Silver miners are a WHOLE different animal, and if HL doesn't hit $25 a share, I'll be surprised - think about all the physical Silver that has been taken off the market in the last 10 years...........
COMEX is now trading 40 oz of paper Silver to 1 oz of physical, so when DB blows up (not if) people are going to start demanding "their" Au and Ag, that's when the real party will start.
So imagine what HL would trade for if Ag hits $100, $200,,,,,,,,,, Van Eck has a massive holding of HL, they've been holding forever - watch to see if/when they start to sell.
Imagine my surprise, to see HL up AGAIN after Silver walks back almost 2%............
The short-squeeze I've been waiting FOREVER for, appears to finally be taking place.
Yup - remember the Lucky Friday shutdown, and the runoff cleanup debacles?
HL is WAY better positioned now, compared to 8 - 9yrs ago.
Thanks Berv - I stopped hanging out here years ago pretty much because of SS - I can't see his replies anymore because I have him on ignore. He seems to think that there aren't real people with real jobs and serious assets that would post here.
I don't believe SS has said that even owns any HL shares long or short, so I can't really figure out why he decided the HL board was a good fit for him.
Back to my point, I see that there are folks here that do own HL shares and do have thoughts about HL activities related to mergers/acquisitions, ore grades, mine shafts, safety, COMEX, manipulation, short positions, etc, etc., and to you guys, keep up the good work!
Full disclosure - still underwater on 12K of my HL shares, and -$35K overall. (MUCH better than Jan of 2016!!)
Yup - I've got 65K shares of HL, purchased at prices from $2.57 - $8, rode them up to $11, and ALL the way back down again. Did I worry? Nope.
I treat HL like my phys stack - it is what it is, I KNOW it's manipulated, and there are HELLA shorts both on the COMEX and HL, which will get blasted at SOME point, and I don't want to be on the sidelines whenever that happens.
I'm thinking when the time comes, we will see $1.00 a day moves in HL. I've been long this stock for 9 YEARS, and if it takes another 9 years, no real biggie to me.