HMX

5.26%

3.6¢ hammer metals limited

HMX - Charts, page-390

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Cocky5

1,249 Posts.

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20/04/23

09:02

Post #: 67368414
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Originally posted by Dragone64: ↑

I know what you mean DD. You should never throw good money after a bad investment. On the other hand, everyone can do what he or she wants.

I also realize that some trade and others invest.

Let me put it this way: I am looking back over a period of about 40 years of securities portfolio developments. I would say that 70-80% of the investors who have accumulated really large fortunes have been very patient. They had - let's say - a vision and anticipated long-term trends. Then they invested and pursued that investment until it bore fruit - mostly they continued to hold it. That's how a thousand dollars became 20 or 30 or 50 thousand. Usually not in months but in many years.

On the other side are the traders. I used to be one too. Quite an active one, in fact. We were all young once. Here it's the other way round. 70-80% of traders do not increase their assets over a longer period of time. A lot of back and forth empties the pockets. Often a zero-sum game and a chase after missed opportunities.

By the way, this is also something you see with actively managed funds. Who beats the benchmark? Who is generating alpha? 90% are not. Why not? Because they pro-cyclically chase trends and always buy too late or sell too early.

With instos (especially funds), it is then the case that they have to adhere to certain rules. For example, they may only buy from a market capitalization. In the case of HMX, it could be that such instos only enter when the market capitalization is above 100, 200 or 500m - in other words, when some of us are probably totally exhausted with joy and somersaulting.

The hunt for better opportunities is not always the best one. I also think that high conviction is more likely to lead to success.

This is all very philosophical - I know and no one should follow my advice, because even I am not all-knowing.

So - I continue to grit my teeth and follow my plan - maybe I will regret it or maybe not. Perhaps the moment will come when I lose faith in the story. But for now I'll wait - at least until the end of 2023. Then we'll see. DYOR

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D64, sometimes investors follow the trend. Not every stock will be a winner. However if the “trend” (like the “force” in Starwars) is with you amazing things can be achieved. If you have the time to allow the trend to extend, multiple baggers can result.

when I invest I keep the sell target in mind.

for example;

copper trend in demand is up, so all copper stocks rise as a result.

HMX a buy at 4.5 and a sell at 25
CNB a buy at 70 and a sell at $5

buy and hold forever.
CSL a buy at 76 and hold for ever passing $300 on the way to $1000. Never to be sold.

HMX Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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(20min delay)
Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $31.91M

Open	High	Low	Value	Volume
3.8¢	3.9¢	3.6¢	$17.65K	481.0K

Buyers (Bids)

No.	Vol.	Price($)
3	251456	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	145000	1

View Market Depth

No.	Vol.	Price($)
3	251456	0.035
1	100000	0.034
1	42424	0.033
1	6000	0.032
2	36282	0.031

Price($)	Vol.	No.
0.039	145000	1
0.040	760703	4
0.041	225000	2
0.042	220000	2
0.045	5000	1

Last trade - 15.44pm 09/08/2024 (20 minute delay)

HMX (ASX) Chart

HMX - Charts, page-390

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HMX - Charts, page-390

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