... so if you have 10 bad trades you could lose 50-100%? depending on your position size, wouldn't 2-5% stop loss be more ideal?
OZL - Oz Minerals
- Thread starter LeeTV
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... so if you have 10 bad trades you could lose 50-100%? depending on your position size, wouldn't 2-5% stop loss be more ideal?
I took a big punt on OXR when it was above $3, and kept on buying since then. And taking into account the slumping commodity prices of copper, Zinc, Nickel, is there any other reason why OZL has been hammered very very hard? I would love to hear ASF-ers comments as can't see its bottom. and i hope i'm not the only one in a great depression, care to share?
Hey Guyz
Surely doesn't the large amount of issued capital of OZL have something to do with the share price tanking. It almost has 3.5 billion issued shares, that has got to be a contributing factor too why share price isn't doing so well. At $1.50 they have a P/E off 11. Unless they do massive, massive buyback. I personnally don't like the short term future for the share price.
Cheers
Spartn
P.S. I am not a personal advisor so don't take my advice seriously.
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With 2-5%, the good thing is you would not lose that much, but with the volatility of the current market, your position could be terminated easily.
Having said that i should consider putting a stop loss on my mid-long term investments.
Do you make any allowance for the fact that the company has new production coming on line that will allow for the PE ratio to improve significantly in the near fyture. eg. the nickel production from the "ex" AGM
mine which must be close to production. I'm buying not selling. This is where a stop loss arrangement for a genuine investor is not necessary. My policy is to look at the situation daily and if the fundamentals say it is still a good investment then I can see no reason to sell and often a good reason to buy. I'm not right all the time but I get it right often enough to be happy with the overall result.
If it was a case of the large amount of issued capital being a problem why do we have any big companies. The size is some protection from takeover raids as happened to AGM.
I for one will not take your advice seriously but others may. DYOR.
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Im with you on this one bud, but im not going to jump the gun.
was thinking about buying in at 1.75 which was support for a some time but its reaching new lows again so it really comes down to what type of trade your looking for, if its long term, then yes its a steal IMO.
DYOR
Bought 10000 OZL at 1.65 yesterday, sold today at $1.50 - shocking
I sold like any newbies would in panic - maybe I should just hold OZL and wait for next week, I don't know I just lost control - all I wanted to do was sell, sell and sell to cut losses.
The market is too volatile for the beginers at the moment, I think I should sell my portfolio and sit on the sideline until condition improves.
I sold like any newbies would in panic - maybe I should just hold OZL and wait for next week, I don't know I just lost control - all I wanted to do was sell, sell and sell to cut losses.
The market is too volatile for the beginers at the moment, I think I should sell my portfolio and sit on the sideline until condition improves.
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At least you are one step ahead of me...which is by having a stop loss...
Unlike me...instead of cutting my loss, i built my pyramid even bigger.
Having said that, i still hold and haven't sold any since OXR $3.xx
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30%! I was under the impression that ASX short sale rules had restriction on the % of any stock that could be short sold at any one time; rules that had been in place since the 1929 crash due to a stock short squeeze sucking the life out of the marketOn Trading Matters a week or so ago a fund manager mentioned there was a 30% short interest in OZL!!
30% of 3.5 billion = around 1 billion shares short, anyone up for a short squeeze.....
if only I was the CEO...
And again. This time 1,309247 shares for $3,786,200 An average price of $2.89. While this continues and stories circulate regarding hedge fund trading in this stock we can not be sure which way the price will go. However the fundamentals are good as I see them so it is a case of hold on, maybe accumulate and wait for better times.
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Hedge funds could well be shorting OZL. When a SP tanks this much so quick, panic sets in and hedgies can do the rest. The stock can fall to 0 regardless of the fundamentals. That said such a weak SP then creates new problems, which contribute to the panic.
I for one got out as soon as I smelled hedge funds. Held my stock from ZFX to ee it rise sy only to drop even harder. I took a beating on some other hedge targetted stocks and am not making the mistake again.
I for one got out as soon as I smelled hedge funds. Held my stock from ZFX to ee it rise sy only to drop even harder. I took a beating on some other hedge targetted stocks and am not making the mistake again.
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I just need to get this off my chest as it has been on there for a while. I think 'OZ Minerals' is a stupid name for the company. Not very original. There I said it.
is the drop of SP mainly contributed by hedge funds? Are they stupid? If SP drops to zero, how can they make money from it? I guess mainly because of FA. But the fundmental of the compnay is still good. OZL is still good for long and expected to get a reverse in coming weeks!
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with you on the name change, awful and no doubt responsible
for the slide
gotta pick up some time, one would hope
jonny
for the slide
gotta pick up some time, one would hope
jonny
Just see short sight of some people. If you are shorting the stock, then you catch a bad time. For long holding, then just be patient. What worst would happen to the 3rd largest Australian mining company? Dont ignore those analyses and valuation from big financial institutes. Are you more professional to value this stock than them? If it would die, then how about other smaller mining companies? How would they survive?
with you on the name change, awful and no doubt responsible
for the slide
gotta pick up some time, one would hope
jonny
If only it were that simple!
There are a few other small issues such as the drop in the price of zinc - made much worse by the ZFX acquisition - and the general retracement of commodities in general, the uncertain world economic outlook and the big bad bear market which developed since the "merger" was first announced.
Disc: Holding, but now a longterm proposition.
I agree with you there. It didn't show much imagination but it should not be the answer to the dive in the SP. The only consoling factor for me is that I "traded" MCR shares for OZL whem MCR was above OZL and increased the number of shares I held and now I could trade back the other way for a further increase in the number I hold. I intend to keep trading these two this way as their relative price varies.
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Very unstable....... like the ozone molecule
Why don't we try and come up with a better alternative?
:Agreed, as a holder of both OXR and ZFX at the time of the merger, "OZ Minerals" was a very lame, unexciting choice. Guess we're stuck with it though unless another merger/takeover is in the offing.
