Sean K Trading

[Garpal Gumnut]

I've decided to take some off the table until the dust settles with PMs. They've had such a huge run, I think there'll be some consolidation for a while. Silver looks like a false break out through $32.20 ish. And, I'm probably going to have egg on my face when they all run away to the moon.

Sold:
PDI +39%
ETPMAG +6.8%
PMGOLD +19.5%
GDX +39.3%

Gold and silver will go bananas now. Get on them!

Two achievements today @Sean K

• Peace of mind.
• A chance to get back in during what I hope is a consolidation in PM’s.

gg

 

[Sean K]

While I'm still very bullish copper longer term, HCH has just hit my sell point after I thought it had hit a bottom.

First bought this is July 21 and now sold all for a 39% loss. Was 5% of holdings so not good, but just 1% of overall position including cash.

Still might be a bottom for HCH and copper, but I'm just wanting to keep lots of powder dry.

Overall my experience with HCH has been extremely negative and once again related primarily to management. Lots of promises, but then changing goal posts and ultimately under delivering.

I'm not sure why Rick Rule likes this company and has invested in it, as one of his primary reasons to invest in anything in management.

 

[Sean K]

It was moving week last week. Took about 30% off the table, mostly PMs.

Thought it prudent to take some profits and tidy the house a bit.

PDI +39%
ETPMAG +6.8%
PMGOLD +19.5%
GDX +39.3%
HCH - 39%

I've got to stop buying losers, particularly loser management.

 

[houtman]

I've got to stop buying losers, particularly loser management.

Yep, it's the biggest lesson I've learnt over the years.

Similar to the nags, the best jockeys generally get the better horses.

Proven and competent managers get the better projects.
It's a good filter.

 

[divs4ever]

Yep, it's the biggest lesson I've learnt over the years.

Similar to the nags, the best jockeys generally get the better horses.

Proven and competent managers get the better projects.
It's a good filter.

but good management often gets replaced ( offered a better job elsewhere ) or 'refreshed '

 

[houtman]

but good management often gets replaced ( offered a better job elsewhere ) or 'refreshed '

Not often in the explorers.

Good management usually have brought the project to market and has skin in the game, so aligned with shareholders and want to see maximum return.

If they find something generally they'll get taken over, if they develop themselves then they usually(not always) have the wherewithal to attract good mine developers.

Of course, sometimes the project/theory runs its course without reward.

Anyway, not wanting to side track the thread.