Member Info for contrarian123

And in order to shut everyone that thinks that I am a paid deramper or a shorter, I have just bought a very small 1st tranche in HZM. It is a calculated risk
Why? Purely on technicals.
1. Daily RSI just above 50 and pointing upwards
2. MACD bull cross a few days ago still negative but pointing upwards
3. Momentum indicator positive
4. No earnings RNS slump
5. 8 EMA has turned upwards and has held well for hopefully 3rd day today.

Against it is that Directors are still not exercising options (if this is bargain basement why aren't they?) - Volume is still low (average)

I am looking to see if it can sustain the 8 day EMA for longer than 10 trading days and targeting initially 98-99p. Below 86p and I am out again as it will confirm my view that the gap below will be filled.

Yes woodster purely out of the goodness of my heart. And if I managed to save some investors from investing last year at approx. 170p for a nearly a 50% loss now at 85-90p then I am happy.

Perhaps anyone that heeded my warnings can identify here and give me a big thank you. I was right all along.

To those that invested at 170p from here you will need not 50% increase in share price but from 85p a 200% appreciation.

So just remember. that....

Oily Rags you will learn that one's posts in an LSE board which is the equivalent of a forum discussion about geopolitics hosted by a daily rag, do not affect share price movements. You give me far too much credit that I single handedly have affected the price. If only I had that much power.

I am beginning to get tempted to invest in HZM as I think we may be entering a honeymoon phase until most likely Jan next year. It will all come to a head though as proper earnings from big companies filter through and the impact off inflation is realised.

Tornado if I was a short trader I would have exited by now. There is no further great risk reward. Mind you my broker plus500 in Europe does not list HZM not sure if others do.
I don't get paid by the message neither I am honest and you can see my few posts on other boards.
what peaked my interest in HZM many months ago was the constant ramping by the regulars who seemed to have been pumping in thousands, selling houses living in caravans and others who believed a dream.
I was horrified by that and saw mistakes I made with previous forays into AIM hopefuls.

AIM is to be treated as a casino. Quick in and out. I took some PREM on 26/10 and sold for a quick profit on 2/11. It went higher but I couldn't care less. Anything can happen with these companies

Market is in a spasm and up today HZM GLEN BHP are down. Only my FRES investment out of the miners is up. What I said in February was valid we are in November now. I did say a couple of days ago that there is a relief bounce coming in for HZM. Yesterday's move was based on things we already knew but the naive outsiders reading TR1's didn't know. Is there any follow up today? No

Only that my kind of nonsense has been consistently right since last year. Yet you still instead of posting anything factual just choose to attack me . It is flattering really

Oh thank heavens I am not the only idiot (as NoSoRich will have you believe) that believes that the gap will close.
Thank you Geng for providing further insights

Yes just as I though 9.6p is the 50% retracement of the fall that commenced in July this year. I don't think we will be constrained by this one now. The gap will be filled all the way to 12p and then we will take a rest up there waiting on some further catalysts

Zoom out and you will see that there is nothing in the way of resistance to 12p on this one. 9.6 maybe some sort of Fibonacci level you are seeing but there is no previous buyers between where we are now and 12p. The chances are we fill this gap all the way to 12p.

71.70 and 74.90p are the key levels to break. If we do then a nice ride to 78-79p. Capture that and then it's on to 82p. Beyond that we are motoring but with all these shorts still open a difficult ask.

Is it me or is EquityDevelopment just a posh outfit for ramping up beaten down stocks? Your equity valuations in this swell as others you cover are and have been way off

Yes Slurms my FRES is looking good. There is talk of a decent bear market rally in metals. If China laxes restrictions then miners in production should benefit short term

let's see if the fake trades today trying to entice punters in have the desired effect

Mid-term elections are coming up so the illusion of a booming market must be maintained. For HZM if it manages a close above 89.5 (20 day MA) things on Monday may be ready for a short term upside.

He is not right Slurms - he's been wrong from the moment he said "transitory" but now he's backed himself in a corner and he will overcompensate. He will kill markets for some time so that inflation does not stick on his watch - these guys care about legacy

So the initial press release was a bit dovish but then came the hammer blow. JPOW effectively said higher rates for longer. And that my friends is killing demand. As I have been saying for months. Higher rates to address inflation cost of capital is higher, demand may not be there for some time. Only hope is that they address inflation by the time HZM start producing. In the meantime lower.

Anyone with any ideas as to why?

Steeple, I have other shares but I don't need to comment on them as much
I have shares in ITV which are just about breaking even, shares in CCH which I bought during COVID at first and sold and then re-bought (highly profitable), CNA, VOD, PREM, FRES, BOO (doing badly on this one but it looks like shorts are covering), LLOY, IUKD (once FTSE is done with its Christmas or pre-Christmas rally I am out of it), GCP, GATC, GSK, LAND, RR., XSPS (short SP500 ETF) and I have a list of around 20 shares that I buy and sell frequently. All of the above shares I trade as and when the opportunity arises.
Dollar is king I think it is just taking a breather, tech stocks I like the ones that are near COVID levels like AMZN for instance but I wait for further drops. I also fancy BABA but waiting for further drops there too. I will start getting into tech initially via big funds like SMT and ATT but only once they drop a bit more to at least their pre-COVID levels and even then it is dangerous as we are in my view entering a prolonged bearish period.

Trouble is with your theory NotsoRich is that I have been saying the same thing more or less since last year. Only thing that can save HZM from the gap is a fool's Christmas rally which looks like it may come slightly prematurely.

How much down are you Steeplejack? I suppose only comedy can help now