Category Archives: $HOC

$HOC – settled around 130 area from high of 285 in Sep FV=160

$HOC (Hocshild Mining) is worth taking a punt if you need exposure to this sector. Company has mining interests in South America, precious metals and diversified – not dependent one mine or mineral. Under some financial stress with lower commodity prices so risky – stick the stop. If commodity prices do rise could outperform.

FV=160.

Buy at 130, TP = 160, stop 115, for 2:1 risk reward. Look to re-trace move back to 250 area.

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