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Are you kidding me, Hecla Mining? (Not all Equity-Bulls hate Silver...)



December 03, 2010 – Comments (11) | RELATED TICKERS: HL , BABY

I would never think this would happen: Hecla Mining (HL) is up 87% since I picked it for my Volume Story 2 portfolio on June 23, 2010 (that was only 5.5 months ago).

OK, maybe I did have my suspicions. Here is what I said in my pich for HL back in April of 2010:

Pitch by: dragonlz 4/07/10 11:09 PMReply | Report this post

I was stupid enough not to pick SWC, but I'm happy I at least picked HL.
I'm writing this pitch today because I think HL is on the move.
HL is at $6.03 today (and I'm up 3 points on this pick), but I think that's going to change very soon.
HL fits my eleven twenty-one criteria and I like its chart (a lot) too.
Currently, HL is 19% off its 52W high.

That was then - right now, HL is up another 7% today on top of all the recent gains this stock had, and I'm currently up 70+ points on my HL pick.(I really don't see why would I hate Silver!??!!)


Going back to my Volume Story 2 portfolio - here are returns for the 6 stocks I identified at that time as possible big winners based on their volume:

HL +87%

GRT +31%

HT +26%

ABCB -1%

CRUS -5%

IAG -7%

Not too shaby, but nothing like The Volume Story 1 portfolio.

Here are now returns for the 10 stocks from the first Volume Story that was posted in September of 2009:

LVS +179%

TCK +110%

HWD +73%

CENX +58%

GCI +54%

FITB +36%

CNO +22%

BPOP +5%

GNW + 5%

GTN -22%

What do you think? Does the Volume Story works or not? :)

Good Luck Everybody!

11 Comments – Post Your Own

#1) On December 03, 2010 at 1:13 PM, bothisellhigher (29.15) wrote:

 Dragon...I find your volume story theory compelling.  I have watched since learning of it from you in July and find that the real beauty is in it's simplicity.  No, the real beauty is in up moves in the double digits over 6 months and less-that crushes the average yearly returns of mutual fund managers, stock market averages and ...I bought HL today...also TNA.  TNA late by your volume standards but it did just surpass it's 2 year high on solid volume.  Thanks again for your contribution to us fools!

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#2) On December 03, 2010 at 1:44 PM, outoffocus (23.86) wrote:

And...not all gold/silver bugs hate equities.  Dragon, you are the prime example of bridging the gap.  I think you had a post up some time ago about the S&P going up while gold was going up.

People can invest in precious metals and equities at the same time.  People can invest in precious metals and dividends at the same time.  The strategies are not mutually exclusive.  In my personal portfolio I'm investing in all three at once.  I own dividend paying precious metal stocks and I own high beta precious metal stocks.  I own physical pms and I own ETFs. (I'm also diversified into other commodities) and so far I'm loving it. 

Sometimes people get so segmented they cannot see the forest for the trees. 

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#3) On December 03, 2010 at 1:56 PM, dragonLZ (81.58) wrote:

bothisellhigher, yes, I do remember you were one of the few interested in the Volume Story. I'm very happy it's working for you (like with everything else when it comes to investing: Use caution!).

HL had an incredible run last few months so I hope you have a stomach for a pullback, if it happens.

TNA is an ETF so I have no idea how Volume Story works on ETFs. You are on your own on that one... :)

Either way, Good Luck in the future.

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#4) On December 03, 2010 at 2:03 PM, dragonLZ (81.58) wrote:

outoffocus, I'm glad you remember that post (I also hope you remember I mentioned HL in that post).

Not so long ago, I said I would invest in Amish furniture, Picasso's paintings, Merilyn Monroe's panties,... I mean almost anything that I can sell for more than I paid for.

In other words, I do like your diversification. :)

Thank you and Good Luck! 

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#5) On December 03, 2010 at 2:21 PM, cbwang888 (25.63) wrote:

HL has the clean balance sheet. It is also heavily shorted (18% floats, 44.9M shares as Nov 15)

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#6) On December 03, 2010 at 2:30 PM, EnigmaDude (57.11) wrote:

Great Panther Silver (GPRLF) has been even more impressive and I am happy to say that I took the leap back when it was trading for about $1.10.  Might as well play the sectors that are in favor and don't get all emotional about it.

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#7) On December 03, 2010 at 3:25 PM, dragonLZ (81.58) wrote:

Wow, very nice EnigmaDude. I've never heard of GPRLF before, but I see it's been on fire lately.

Good Luck in the future.  

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#8) On December 04, 2010 at 11:27 AM, Bkeepr100 (< 20) wrote:

All of the mining companies in the RL porfolio, such as Hecla have doen well for me.

Got in on HL at $1.00 during the crash...8 bagger now.

Grabbed SLW for $4.00 during the crash....18 bagger now.

I haven't look at the unrealized returns for about a week or so... but was at a 272% gain in just over 2 years time.

I jumped in at the right time and made a educated choice investing my 401k on good companies.  So far It has worked out.


B-man Rick

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#9) On December 06, 2010 at 7:59 PM, dragonLZ (81.58) wrote:

 Bkeepr100, wow. You really are kicking some serious butt.

Congrats and good luck in the future.

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#10) On December 08, 2010 at 1:22 AM, Bkeepr100 (< 20) wrote:

DragonLZ, Thank you.

This is just the begining...due to the economic forces put in motion from Washington.  I believe that gold could reach at least $20,000. per oz and silver over $5,000. per oz as the nation is consumed by hyperinflation or a national default will occur.

My family had relatives in Germany during the their bout with hyperinflation after WWI. We have not seen anything like that here yet...soon we will.

 Good luck to you as well.

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#11) On January 14, 2011 at 9:07 PM, dragonLZ (81.58) wrote:

topbooks, I don't know if you saw it, I answered your question on the GNW and BAC post.  

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