NHC - New Hope Corporation
- Thread starter laurie
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should read $3.97
wayneL
VIVA LA LIBERTAD, CARAJO!
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I've built a fairly sizable coal miner holding since I originally "dipped my toe in the water" when some of these were around a dollar. At the time the narrative was that coal was dead and would most likely disappear as an industry. Even accessory analysis revealed that this was an absolute load of codswallop.
One of my best strategies is to try and define when commodities are at the absolutely minimum price... The price went producers start closing down because they can't make a profit.
eg, if coffee farmers start plowing their bushes in because they losing money, buy coffee with your damned ears pinned back... Because an under supply is surely to follow.
That was my thinking when I originally entered the coal market, especially when the month for the product is not likely to reduce anytime soon.
People are always going to drink coffee, and for the foreseeable future, the world is always going to need coal.... our coal.
Does <$4 for NHC represent that level at the present time? Well, I'm seriously thinking about doing some topping up now too.
One of my best strategies is to try and define when commodities are at the absolutely minimum price... The price went producers start closing down because they can't make a profit.
eg, if coffee farmers start plowing their bushes in because they losing money, buy coffee with your damned ears pinned back... Because an under supply is surely to follow.
That was my thinking when I originally entered the coal market, especially when the month for the product is not likely to reduce anytime soon.
People are always going to drink coffee, and for the foreseeable future, the world is always going to need coal.... our coal.
Does <$4 for NHC represent that level at the present time? Well, I'm seriously thinking about doing some topping up now too.
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remember NHC is MORE than a coal miner , it runs cattle on rehabilitated land , has port facilities AND an oil producing arm .
sure they don't contribute a lot to the bottom line BUT if coal dies , it has experience in other areas , already
wayneL
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Dammit! Autocorrect made that nearly unreadable. Thankful all you guys are able to interpret 
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I jumped the gun with my buys, bit chastened, so watching for a positive sign for another punt.
Held
Accumulating
Held
Accumulating
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I was alright till this bit, guessed month = demand
wayneL
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Yes... How autocorrect got a "month" I will forever be confused... WTF?
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AI the way of the future ( or so they tell us )
( have similar issues with the built-in spell-checker in this browser )
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likely to be several opportunities to accumulate here
probably being a tad harsh on yourself @finicky .... we all do it from time to time... hey you in the front row seat, good fortune
Kind regards
rcw
wayneL
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Who knows what the right price to buy is?
Too soon is too expensive, too late and you don't get the shares because they never get to your price.
@#$& me, I've missed so many by a bee's d1ck, waiting for a specific price.
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i waited three years for my entry price into BPT and four months later it was HALF that entry price , but i kept on cautiously buying on the way down ( and reducing into the recovery later that year )
i look for an 'acceptable price ' and decide IF to add if the price keeps sliding
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Another small bodied candle today; meaning closing price returned almost to the open price.
I put in a bid for a 1,000 add early in the day @ 3.94 but it didn't get hit. Leave it sitting.
WHC (Whitehaven) made a 'doji' today - open equal to close.
Signs of indecision after a downtrend?
NHC DAILY
I put in a bid for a 1,000 add early in the day @ 3.94 but it didn't get hit. Leave it sitting.
WHC (Whitehaven) made a 'doji' today - open equal to close.
Signs of indecision after a downtrend?
NHC DAILY
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On a broad market down day this NHC chart is a good look for at least an interim low?
Momentum indicators (daily) are crossing too.
YAL and WHC up also and SMR holding ground.
Held
Not inclined to chase atm
DAILY
Momentum indicators (daily) are crossing too.
YAL and WHC up also and SMR holding ground.
Held
Not inclined to chase atm
DAILY
