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Hercules Metals Corp V.BIG

Alternate Symbol(s):  BADEF

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416 unpatented lode claims and approximately 1,165 acres of mineral rights owned in fee. The Company also holds the right to conduct exploration, drilling, road building, mining and milling activities on 1,770 acres of surface within the Hercules Property. The Hercules Property is located on the northwestern shoulder of Cuddy Mountain, 200 kilometers (km) northwest of Boise, Idaho. It also has a diversified metal portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.


TSXV:BIG - Post by User

Post by CoastalTraderon Feb 20, 2024 2:42pm
153 Views
Post# 35889424

ChefBoy...

ChefBoy...

We are playing this from two different strategies.

I'm 'slowly' building a position for a 6-18 month hold whereas you are trading as you interpert short/long movements - short-term trend.

We will both make money.  At the moment I am buying in the low 80s - and my interpretation of current MACD trend tells me you have closed your short position.  No doubt it will run ahead of itself again - so if I was day trading or short term trading I would be long preparing to off load and go short at some point on the next run.

I don't have time for that - but as I see it happen I may unload 20-30% and wait for a Fibonacci retracement and step back into a full position with a side profit.  My strategy 'forbids' going short and getting exposed to unlimited upside risk.  But I will sell  into a strong upside rise that in most cases gets overbought and retreats.
I wish you luck with your strategy.
We are all here to make money.
Multi/strategy/opportunity situation.
Ya Gotta Luv It !
CT.

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