CBH - CBH Resources

[brerwallabi]

Fundamentals of this company appear very sound and it looks like it could be heading towards 24cps (current 19.5), some analysts are predicting 35 cents. It definately looks to me one do well over the next 12 months. The chart looks interesting and will be worth watching next week. Financials out today look OK too. Does anybody have anything negative on CBH?

 

[RichKid]

Re: CBH Resources (CBH) a tidy little company

Hi there,

No negatives from me, I'm considering buying too- maybe at around 19c or just below.

RichKid

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Annual report out today, I can only download the first 8 pages for some reason but what I have read so far looks good. It certainly had a good result (profit was previously annouced) in my books but hell I am no financial expert. I had previously anticipated CBH moving north and instead what does it do, it goes the other way. My descision was to hold, it closed today at 18cps hoping for a lift tomorrow its my pick in the comp as well. Zinc has had a slight hiccup lately however the outlook still looks good. Just tried again and still cant get the complete report ggggrrrr.

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

In a positive position (my pick) in the Sept stock pick comp for the first time. CBH has moved up from its support at 17.5cps to 19.5cps at close friday a nice jump with considerable volume. A lot of buyers there today a bit of a stand off at the momment, seems to have stalled at 19cps, I was hoping for a close above 20cps today. Still I long way to go to my target of 24cps this is one I will stay with as I feel it could push north any time.

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Looks to be knocking on the door of a nice run chart shows EMA crossover with good volume building. I think I would have been close to wiinning the Sept tipping comp if there were a few more days in the month

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Took advantage of CBH @ 17.5cps again, think they will make 21 -21.5cps again this is where the resistance has been. Do any tech experts see any other indicators coming into play?

 

[tech/a]

Re: CBH Resources (CBH) a tidy little company

B.

This stock is ranging.

Think your trading it the only way it should be traded at the moment.

IE.
Buying at the low of the range (use a tight stop like 17.0c in this case) and selling the high.
Hint;
You maybe lucky enough to be on an upward move that breaks out so to be sure that the stock isnt going to break resistance,sell on a downday after resistance comes into play.

tech

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

This one was a beauty worked out exactly as I planned, sold out at 21.5cps, looks like it might reverse direction as per doji indications will look at re-entry again next week if it falls, as this may have a run with all the talk on possible zinc shortages down the track

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Zinifex seems to be getting all the attention, but this little one is up 60% in just two months and looks like it might go higher still, probably this post should be on another thread somewhere, as an example of where you sell to soon and the thing keeps going through the roof - bought at 17.5, sold at 21.5, but i got my money and that was always my plan, since i have bought elsewhere and sorta doing nicely with the CBH money but would be a lot more in front if i had stayed on.

 

[monoply]

Re: CBH Resources (CBH) a tidy little company

Announced a .5 cent dividend after market close yesterday.

 

[RichKid]

Re: CBH Resources (CBH) a tidy little company

CBH a bit weak, a buying opportunity? Closed at 30c and rejected lower prices, good volume, need more. Great leverage to Zinc and was trending well, might just have got ahead of itself. Let's see how it goes, may just be profit taking in Zinc stocks, noticed ZFX appeared to be reversing, could be the same for CBH but too early to call. Might just be a lower trend trajectory with general uptrend preserved, or a consolidation, who knows.

 

[RichKid]

Re: CBH Resources (CBH) a tidy little company

CBH appears to be regaining previous trajectory, based on recovery in Zinc price (correction over??) imo and annct of recent Silver sale (see last week's annct). A congestion area coming up. A lot of activiity last week as volumes increased.

Brer, are you still folllowing this?

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Rich, have been following it very closely, no longer hold, missed the run into the 30's, I had been in and out of this a few times last year and took another profit and was expecting to buy back at 18cps and the thing broke out, managed to get back in at 24.5cps and sold at 29cps, looks like it might be a buy again now, 32.5 looks very possible and even 35, the company is very healthy as well and I think undervalued at present price, have a look at its chart its very similar to Zinifex.

 

[RichKid]

Re: CBH Resources (CBH) a tidy little company

Rich, have been following it very closely, no longer hold, missed the run into the 30's, I had been in and out of this a few times last year and took another profit and was expecting to buy back at 18cps and the thing broke out, managed to get back in at 24.5cps and sold at 29cps, looks like it might be a buy again now, 32.5 looks very possible and even 35, the company is very healthy as well and I think undervalued at present price, have a look at its chart its very similar to Zinifex.

Brer,
I like it too but the general market sentiment and the poor Zinc price chart are having their say imo. Looking dangerously close to falling below support. Will be a bit hard to break through again without Zinc rallying strongly. Metals take their time, could be an end of year runner.

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Looking forward to the next cycle, zinc still looks good to me just taking a breather, might take one too, if this one drops to 21ish then i'm back in, I have the patience to wait for it.

 

[markrmau]

Re: CBH Resources (CBH) a tidy little company

I have been following this one for a month or so looking for the right time to buy. Looks like there was a bit of a fire sale this morning so I picked up 1/2 what I would like at 23.5c. As always I don't advocate bottom picking.

 

[mime]

Re: CBH Resources (CBH) a tidy little company

I bought into this stock at $0.28 per share. It there is good demand for zinc and hopfully it'll show later in the share price.

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

Fundamentals of this company look good, it signalling almost buy to me, read my previous - 21ish and i'm buying, this i can afford to hold for a while, zinc, nickel and gold always a demand and there does not look an oversupply. A great little trading stock too but like anything buyer beware.

 

[markrmau]

Re: CBH Resources (CBH) a tidy little company

GSBW have just down graded their zinc target because of the increase in LME stocks and suggest there could be another 60000t squirrelled away somewhere.

http://metalsplace.com/metalsnews/?a=1503

Zinc spot price also seems to have tanked on the LME (over 2%)

Zinc prices for next year look a little better though.

 

[brerwallabi]

Re: CBH Resources (CBH) a tidy little company

CBH closed at .29 today, I have been trading this for quite a while, I got back on @.24 cant see any reason why this wont get to circa .35, bit of a spurt at the end of the day today and a bit of volume the last few days also finished higher every day the last four days and the zinc business is starting to look good again. Anybody else have any thoughts on how high this could go and a divended slso on the cards?