CBH - CBH Resources

[kr1zh]

http://www.fatprophets.com.au/mining/content.aspx?page=CBH+Resources%2c+Fat+Mining+48

 

[magoo]

bounce at .59, maybe, after that .50, so the article says.

 

[Sean K]

Has CBH turned? Maybe too early to tell. Zn will stop falling soon......

 

[2020hindsight]

- a comment frrom the beginner's pool. I'm back in (with 25% of portfolio). Is it my imagination - or was the selloff by the "Triako converts" a bit of a non-event? - or still to come? My guess is its behind us.

 

[nizar]

Has CBH turned? Maybe too early to tell. Zn will stop falling soon......

It "will" ?

 

[Out Too Soon]

The market is an irrational creature, that's why I think Zinc has a way down to go yet, thennnn, bargain hunting time! Right now though I put my ex zinc funds into Woodside Petroleum although I may have been too quick off the mark there too.

 

[Sean K]

It "will" ?

There will be a floor somewhere won't there, even if it's at $0.01?

 

[dj_420]

wouldnt these lower spot zinc prices encourage buyers anyway?

since there is hardly any supply left, zinc price will have to go up.
CBH found some support at 62.5 cents and KZL and ZFX on their way back up.

 

[sleeper88]

The market is an irrational creature, that's why I think Zinc has a way down to go yet, thennnn, bargain hunting time! Right now though I put my ex zinc funds into Woodside Petroleum although I may have been too quick off the mark there too.

i agree with you, picked up some WPL today, it seems to be a bargain at these prices, as for CBH and my other zinc stocks, im going to ride it out CBH up nicely today

 

[nizar]

Lets not forget CBH went from 39c to 46c in the last correction. And then down again.
Im not convinced its over. This may in fact be only the beginning.

 

[dj_420]

so you think there is more downside for CBH, KZL and ZFX?

i believe the retracement has been overdone. if you look at the charts the williams % indicator is showing that the stock was oversold

 

[dj_420]

and if you want to compare all three zinc stocks then zfx and cbh were oversold the most. kzl held up reasonably well.

 

[Freeballinginawetsuit]

Lets not forget CBH went from 39c to 46c in the last correction. And then down again.
Im not convinced its over. This may in fact be only the beginning.

Nizar, you seemed vey confident of all the Zincors, and holding them to I believe $20 plus for ZFX, $10 plus for KZL et etc. I believe you gave fellow posters a hard time for taking profits on the highs.

What has changed fundamentally for the Zincors in the last month?, why youre shift in postings, surely they have showed their potential SP's, this pullback should see new support levels established. Profit announcement season coming soon and some of these companies have had the best last six month's in their history.

An early call might be that today is the bounce day, extreme lows reached and most of the good ones have bounced stongly, I'm buying anyway

 

[nizar]

Nizar, you seemed vey confident of all the Zincors, and holding them to I believe $20 plus for ZFX, $10 plus for KZL et etc. I believe you gave fellow posters a hard time for taking profits on the highs.

I mustve gave myself a hard time then, i sold CBH at 81.5c and KZL at 7.72 on 7th november.
Wanna see the contract notes?

Im still very confident of zinc longer term, but im not gonna hold through these times the way i did in May. Iv learnt from that. I feared a correction so i protected my profits.

Fundamentals havent changed of course not. But id rather not be holding when the sp is going south. If the share price does not go up, i dont make money, regardless of announcemnts, earnings, whateva, but thats the bottom line - My profitability.

Sorry if i gave any1 a "hard time", was just expressing my views.

 

[CanOz]

I mustve gave myself a hard time then, i sold CBH at 81.5c and KZL at 7.72 on 7th november.
Wanna see the contract notes?

Im still very confident of zinc longer term, but im not gonna hold through these times the way i did in May. Iv learnt from that. I feared a correction so i protected my profits.

Fundamentals havent changed of course not. But id rather not be holding when the sp is going south. If the share price does not go up, i dont make money, regardless of announcemnts, earnings, whateva, but thats the bottom line - My profitability.

Sorry if i gave any1 a "hard time", was just expressing my views.

The 7th of November was SPOT ON, that was when the smart money got out of CBH, no doubt.

Well done Nizar, count yourself in the "smart money"

I have looked at that chart 100 times now and i will never forget that price action. The best lesson i ever learned about exiting will always be from CBH!

Cheers,

 

[Freeballinginawetsuit]

The 7th of November was SPOT ON, that was when the smart money got out of CBH, no doubt.

Well done Nizar, count yourself in the "smart money"

I have looked at that chart 100 times now and i will never forget that price action. The best lesson i ever learned about exiting will always be from CBH!

Cheers,

Every Nickle, Zinc, Uranium stock had their 7th of November in the last few weeks.
And most of the same ones will have it all over again, greed has it over fear for a while yet, just look at today!.

 

[CanOz]

Every Nickle, Zinc, Uranium stock had their 7th of November in the last few weeks.
And most of the same ones will have it all over again, greed has it over fear for a while yet, just look at today!.

If your a technical trader, you must learn to recognise the exit of the big money. That was my point. Look at ZFX, KZL, CBH, etc. and see if you can pick the exit from the volume and OHLC, HLC, Candle or whatever.

How many here see what i am saying.....besides Nick, Tech/A etc.

 

[Freeballinginawetsuit]

If your a technical trader, you must learn to recognise the exit of the big money. That was my point. Look at ZFX, KZL, CBH, etc. and see if you can pick the exit from the volume and OHLC, HLC, Candle or whatever.

How many here see what i am saying.....besides Nick, Tech/A etc.

It could be quite easy as a 5% trailer has been hit on the downside momentum after riding out a SP high. That would certainly be the case in the stocks you have mentioned, they didn't present many opportunities for stops to be hit from late Sept to a few weeks back. Or as simple as many punters had reached their profit targets(and took them). The Momentum indicators of many stocks were way extended and the market in general was ripe for a pullback.

I don't think many of the large holders and insto's have exited their positions in the companies you have mentioned. The iniitial SP of the said companies spiked viciously in September on relatively low volumes with many insto's missing the boat/jumping on late or just generally procrastinating. I don't think they will make the same mistake this time around.

That said MCR has copped a bit of a beating from the big boys until today.

As for youre mention of charts and T/A they are not IMHO of any use whatsoever in helping an exit position from a trade 'in the companies you have mentioned', they defy momentum on the charts. A 5 percent trailer or a profit target is probably the only realsitic exit.
The same logic applies for the new entry point after a profit take pullback, these companies always seem to establish new higher support levels or bounce quickly from past supports.

I am happy to have entered new positions in today's pre-open, in most of my sells from a few weeks back.
Today's spread could well indicate that we have seen the new support levels for the good ones we all know and love. . The charts certainly aren't going to indicate this until its happened and the punters/marketplace have played their card.

 

[CanOz]

It could be quite easy as a 5% trailer has been hit on the downside momentum after riding out a SP high. That would certainly be the case in the stocks you have mentioned, they didn't present many opportunities for stops to be hit from late Sept to a few weeks back. Or as simple as many punters had reached their profit targets(and took them). The Momentum indicators of many stocks were way extended and the market in general was ripe for a pullback.

I don't think many of the large holders and insto's have exited their positions in the companies you have mentioned. The iniitial SP of the said companies spiked viciously in September on relatively low volumes with many insto's missing the boat/jumping on late or just generally procrastinating. I don't think they will make the same mistake this time around.

That said MCR has copped a bit of a beating from the big boys until today.

As for youre mention of charts and T/A they are not IMHO of any use whatsoever in helping an exit position from a trade 'in the companies you have mentioned', they defy momentum on the charts. A 5 percent trailer or a profit target is probably the only realsitic exit.
The same logic applies for the new entry point after a profit take pullback, these companies always seem to establish new higher support levels or bounce quickly from past supports.

I am happy to have entered new positions in today's pre-open, in most of my sells from a few weeks back.
Today's spread could well indicate that we have seen the new support levels for the good ones we all know and love. . The charts certainly aren't going to indicate this until its happened and the punters/marketplace have played their card.

Hi free, interesting viewpoint. Heres where my view point comes from:

On the chart you'll see a large effort in the form of above average volume, with no resulting increase in price on the day. In my view this was where allot of money exited. This is how you can read the price action to know when to exit. This is only my view and i could be slightly off the mark, but for the most part the price action says it all.

Cheers,

 

[CanOz]

Heres another chart showing Zinifex. I must thank Nick Radge for enlightening me to the idea of Volume Spread analysis, and his FREE e-book you get when you join. But again its the sellers that won day here, same as CBH. I could go on, they're are allot of stocks that did the same on the day but i'll get too far off topic....do we have a thread on the art of the exit?

Anyway Free keep your opinions coming, i like your viewpoint.