chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
- Posts
- 4,636
- Reactions
- 3
If it doesn't come back from there, I think you could assume it's going to head into quite a long down trend, if it isn't already there...
ZFX - Zinifex Limited
- Thread starter chicken
- Start date
-
- Tags
- zfx zinifex limited
If it doesn't come back from there, I think you could assume it's going to head into quite a long down trend, if it isn't already there...
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Doing my best crow impersonation.
Faaaaaaaaaaark.
Not good, not good at all.
It has fallen very fast and very badly, for a big producer. ZFX was one of my bigger holdings
Things are looking slightly better though Dion! Gosh though, if you bought in at the 9% drop...you'd be sitting on a 5% profit already. Day traders must be loving all of this...
If the dow rallies tonight, ZFX may break $13 tomorrow
T/A traders, are you guys happy yet? Or is there yet another wave of $2 that has to be hit before it can make a recovery back to 5?
:I joke because I'm trying to stay positive, using humor as a means of easing my pain
Things are looking slightly better though Dion! Gosh though, if you bought in at the 9% drop...you'd be sitting on a 5% profit already. Day traders must be loving all of this...
If the dow rallies tonight, ZFX may break $13 tomorrow
T/A traders, are you guys happy yet? Or is there yet another wave of $2 that has to be hit before it can make a recovery back to 5?
I joke because I'm trying to stay positive, using humor as a means of easing my pain
I'm new to EW, so I wouldn't rely too much on it, so hopefully Nick will clear it up. This is how i've been counting it, I have the same target as Nick mentioned above, this is where both red C equals red A and green C equals green A.
I'm looking for it to fill the gap back to $13, which is also the typical 38.2% retracement for wave 4 and then down again to complete wave 5.
Attachments
- Joined
- 29 June 2006
- Posts
- 1,458
- Reactions
- 0
I have bought up as much zinifex as I could at $12.00
I think zfx is good no matter what the charts say 10% dividend 7.5% franked.. and experience company that knows how to make money.. and I think still a potential take over in the winds..
I think zfx is good no matter what the charts say 10% dividend 7.5% franked.. and experience company that knows how to make money.. and I think still a potential take over in the winds..
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
Looks like Zinifex are not standing around doing nothing ... Announcement that ZFX has become a substantial holder of AGM
- Joined
- 20 November 2005
- Posts
- 787
- Reactions
- 92
May be seeing that blow off low...
This post may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
No, as far as I can see they don't hold a single share? Unless I'm reading it wrong...
Perhaps they're required to show their current holdings, or perhaps I'm reading it wrong
:Sigh, why can't this dog just join the party & recover with my other 2 resource stocks
I'm cursed to always hold one blooming dog, first PDN, now this!This is the first time I have seen a "substantial shareholder" notice which says the have NIL shares. What the!!!!!!!!!!. Are they playing a game?
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
It was a bit like the bidder's statement for AGM, had the dates listed as "Insert Date Here" - wierd stuff
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
Actually it looks like they are preparing all the paperwork and making this public without completing the forms....
Maybe they are preparing the paperwork in advance and someone lodged them by mistake before the event. They will have to try a lot harder to get my AGM shares.
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Stop being so selfish Nioka, & hand them over!
Can't you see that we poor ZFX holders need a break? We've got nothing! Bad news on every front, a takeover target that isn't playing nicely, help us out here In seriousness though (forgive my awful humor; I'm trying to stay positive today, you see) - I believe someone may just have faxed over the wrong forms (perhaps a work experience girl), it would make sense that ZFX would become a substantial holder - at least by buying some shares on market.
I'm hoping to see a juicy number, like a 15, or 25%
Stop being so selfish Nioka, & hand them over!
In seriousness though (forgive my awful humor; I'm trying to stay positive today, you see) - I believe someone may just have faxed over the wrong forms (perhaps a work experience girl), it would make sense that ZFX would become a substantial holder - at least by buying some shares on market.
I'm hoping to see a juicy number, like a 15, or 25%
Ned Kelly is alive and kicking and takes the form of ZFX. How about a 1 for 1 merger. Then I'll play the game. You said it, ZFX has got nothing. AGM is an emerging giant in the nickel world.
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
You may believe that; but I am confident enough that many holders of AGM are not as long term as yourself. Either that, or are sheep that will take any opportunity to cash in profits, & get out of this market. ZFX picked a beautiful time to do this if you ask me, whilst the market is nice & irrational
- Joined
- 29 June 2006
- Posts
- 1,458
- Reactions
- 0
I think you may find under section 671B of the corporations act that possible they have to lodge these forms when trying to get shareholders to sell out to them or when they make an offer..
Well, the ZFX price only has to fall a little more and they'll be on parity pricewise anyway.
Nyden, your awful humour has rubbed off on me! And quit complaining about your dog stocks, I still hold PDN
Doing my best crow impersonation.
Faaaaaaaaaaark.
Not good, not good at all.
It has fallen very fast and very badly, for a big producer. ZFX was one of my bigger holdings
Well, Zinifex WAS my biggest holdings (I bought about 300 shares just before the start f subprime crisis...). (So, now, the tech is the winner...)
So, I would loose a lot of money....if I would realise my losses. The question is:
- Is this the bottom, so, we should hold
- Or, Zfx will be weaker....(some weeks ago when I tipped the chanse of 12-13 aud....most of You couldn't beleive it.
besides the market, the zfx rumour mill is also down. It needs to be operational again for the SP to rise.
I wonder if AGM shareholders see that perhaps the best thing to do is accept the offer and then buy ZFX shares while its low. If they really believe AGM will be rerated after its first shipment, then so will ZFX.
I wonder if AGM shareholders see that perhaps the best thing to do is accept the offer and then buy ZFX shares while its low. If they really believe AGM will be rerated after its first shipment, then so will ZFX.
