LGL - Lihir Gold

[brisvegas]

Re: LHG - Lihir Gold Limited?

getting interesting , short term TL supp still holding


..................... Pete

 

[brisvegas]

Re: LHG - Lihir Gold Limited?

short term TL supp failed today. bias change for me


..................... Pete

 

[38lulu]

Re: LHG - Lihir Gold Limited?

The volume was pretty high in the past few days, (almost the same as BHP). does anyone know the reason?
what's ur view on this stock?

Happy trading!

lulu

 

[It's Snake Pliskin]

Re: LHG - Lihir Gold Limited?

The volume was pretty high in the past few days, (almost the same as BHP). does anyone know the reason?
what's ur view on this stock?

Happy trading!

lulu

Bears will be ruling the price of gold soon.

Read this:

http://www.aireview.com/index.php?act=view&catid=8&id=2919

Short term price falls caught my eye.

Snake

 

[38lulu]

Re: LHG - Lihir Gold Limited?

Snake,
thanks for sharing the article.
I think i will HOLD - for now.... :

 

[It's Snake Pliskin]

Re: LHG - Lihir Gold Limited?

Snake,
thanks for sharing the article.
I think i will HOLD - for now.... :

Don't let my post sway your judgement, but a lot of mining stocks have taken a hammering over the past two days.

 

[38lulu]

Re: LHG - Lihir Gold Limited?

Yes i know, it is good to hear some opinions from other people when you have doubts, but most of all, keep eyes open and trust on your own judgement.
thank you kindly.

lulu

 

[brisvegas]

Re: LHG - Lihir Gold Limited?

short term TL supp failed today. bias change for me


..................... Pete

developed nicely looking to see if longer term TL supp at 1.48 ish holds . multiple time frames very useful . some rules i go by


LAWS OF MULTIPLE TIME FRAMES

1. Every time frame has its own structure.

2. The higher time frames overrule the lower time frames.

3. Prices in the lower time frame structure tend to respect the energy points of the higher time frame structure.

4. The energy points of support/resistance created by the higher time frame's vibration (prices) can be validated by the action of lower time periods.

5. The trend created by the next time period enables us to define the tradable trend.

6. What appears to be chaos in one time period can be order in another time period.

 

[brisvegas]

Re: LHG - Lihir Gold Limited?

the weekly time frame alerted me to the potential (turned out to be actual ) pivot point . simplicity


............... Pete

 

[mime]

Re: LHG - Lihir Gold Limited?

It's PE ratio is around 30. Do they have good future prospects? 30 is a little high for my comfort.

 

[Hanrahan]

Re: LHG - Lihir Gold Limited?

This is a serious Q from a charting agnostic.

The last two weeks have been turbulent for all stocks but I made two profitable trades in the bluest of blue resources this week (I don't consider myself a trader) These small wins allowed me to keep up my spirits and not lose my head his morn. Didn't sell my portfolio!!!!

Q1: Are these charts on LHG useful if they are not overlaid on the the ASX or sector charts?

Q2: More generally, if charting and black box trading works, such volitility should be manna from heaven. Was it?

Be honest now; Who's financed a new hybrid Civic this week?

 

[brisvegas]

Re: LHG - Lihir Gold Limited?

charting works for me

volatility works for me

who actually wants a hybrid honda civic


............... pete

 

[brisvegas]

Re: LHG - Lihir Gold Limited?

This is a serious Q from a charting agnostic.

does this mean

1. you use charts but dont believe in god

2. you dont believe in a charting god

3. you dont believe in charts


............. pete with a wry smile

 

[Hanrahan]

Re: LHG - Lihir Gold Limited?

does this mean

1. you use charts but dont believe in god

2. you dont believe in a charting god

3. you dont believe in charts


............. pete with a wry smile

A dyslectic agnostic insomniac lays awake at night wondering if there's a dog!!

(OK, some of the youngsters may not have heard it)

 

[RichKid]

Re: LHG - Lihir Gold Limited?

It's PE ratio is around 30. Do they have good future prospects? 30 is a little high for my comfort.

Highly leveraged to POG imho, know gold and know LHG imho, especially with hedging decreasing. Big problem is mgmt unreliability. Just my views, I'm looking for more reliable stocks like OXR for gold leverage. No buying for me yet as it doesn't fit my criteria but some people like Brer wallaby say they make money on short term movements..

 

[JetDollars]

Re: LHG - Lihir Gold Limited?

Highly leveraged to POG imho, know gold and know LHG imho, especially with hedging decreasing. Big problem is mgmt unreliability. Just my views, I'm looking for more reliable stocks like OXR for gold leverage. No buying for me yet as it doesn't fit my criteria but some people like Brer wallaby say they make money on short term movements..

As I understand RIO trying to get out of LHG 10%, if RIO try to get why would you stay in it? that's only IMHO!

 

[RichKid]

Re: LHG - Lihir Gold Limited?

Looks like LHG is breaking out of some medium term resistance around 1.95, currently at $2 on good (but not very high) volume. Bucked the trend recently in terms of POG as gold has been falling for the last few weeks. I'm waiting to see if it breaks through cleanly or if it falls back to the around 1.50/60 in the current zigzag patern. If it holds above this 2 this may be the start of a strong run imo, especially with its hedging decreasing.

 

[JetDollars]

Re: LHG - Lihir Gold Limited?

IMO, if gold price keep going up so does LHG, but if gold start coming down LHG will come down much faster because LHG does not have a good profit record, PE is too high.

I am waiting for gold price to drop back to below $460, so I can go short with LHG.

 

[RichKid]

Re: LHG - Lihir Gold Limited?

IMO, if gold price keep going up so does LHG, but if gold start coming down LHG will come down much faster because LHG does not have a good profit record, PE is too high.

I am waiting for gold price to drop back to below $460, so I can go short with LHG.

Hey Jet,

Gold has had some wild times, big jump yesterday, and I mean big, look at the immediate trend and the recent close. LHG has certainly told us where it prefers to head. Look at volume picking up now, big numbers means big boys are in. Still a volatile stock but is trending strongly.

Dehedging and cost reductions have changed the complexion of LHG compared to same time last year imo. Still I'm bearish pog too, shame it hasn't realised it!

I'm in LHG and will take a bet each way. Note the increase in vol on upswings and decline on pullbacks. Note that the last price and volume bars are duplicates (just an error in chart).

 

[brerwallabi]

Re: LHG - Lihir Gold Limited?

LIHIR GOLD LTD ADR (NasdaqNM:LIHRY) Delayed quote data Edit
Last Trade: 31.98
Trade Time: 3:25PM ET
Change: Up 1.58 (5.20%)
Prev Close: 30.40
Open: 31.39
Bid: 31.92 x 300
Ask: 31.97 x 400
1y Target Est: 13.08

Day's Range: 31.12 - 32.07
52wk Range: 15.19 - 30.50
Volume: 325,468
Avg Vol (3m): 111,186
As you can see a bit of activity on the NASDAQ last night up 5% a few bob can be made today on this he he.