Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Worst case scenario is them trimming down these large dividends at these prices, a major fall, no dividends - that would be worst case scenario
& thank you SGB
worst case is that you'll have to sit it out and collect some pretty good damn dividends, 100% franked to boot.
Worst case scenario is them trimming down these large dividends at these prices, a major fall, no dividends - that would be worst case scenario
& thank you SGB
Nyden, honestly - if you are so unhappy with holding Zinifex, then why don't you just ditch out? No one likes watching their hard earned investments going backwards. In fact I've lost my entire years profits disappear in 3 months - and Zinifex is not all of my worries.
Personally, if I am unhappy with an investment I get out - it's sort of pointless whinging about it.
Sorry Nyden to be a little defensive just now, but hell, there are other holders beside you and I that feel totally screwed over. How about a few positive words of investment advice from someone who obviously is quite learned and knowledgeable as your self.
This is a just a little dip in the long climb up. Get with the program!
Oh, I'm not emotional or anything like that Roland. I am confident in the long term potential here, it's just hard to stay positive is all!:
I wasn't making an arrogant 'whinge' there, I was merely stating that as such worst case scenario could happen. There's a new CEO starting soon, we don't know what his long-term plans are, whether he feels the Dividends are too high, and of course what the current Zinc prices will do to profits.
I just thought it was silly to state that the absolute worst case scenario was sitting back & enjoying consistent & high dividends.
All I'm stating is that there is a lot of risk in this stock, & just to tread carefully. I see a lot of people buying in for these 'guaranteed' fantastic dividends, & I'm just making sure people realise that they might not always be there.
And it's also unfortunate that the short-term prospects don't seem to be all that great, T/A says we're due for possibly more falls, market sentiment is terrible, & it's just very difficult to keep a smile on this one!
Alright, positives...ummm, let's see! To reiterate some facts from pages back, Zinifex have a lot of excess cash, a large % of their market cap actually. Desires to diversify, good buying opportunities in an irrational market, no debt (or rather, very little), increased production this year, rather high profit forecasts for this year, & as well as rather high forecast dividends.
Unfortunately the mood in the markets is absolutely terrible at the moment, and it does rub off on you after a while despite how positive you are.
Hey Nyden, what are the odds on hitting $10.00 today? Zinc down another 4% - the worst of all the metals. I'll probably grab a few at $10, if we are going to sit this downturn out - may as well play it as best we can.
Oh, we'll get slaughtered alright. Spot base-metal price doesn't always reflect a major price change; but the hammering over in the US most certainly will. Unfortunately
Heh, I know you didn't mention the 'guaranteed' dividends, but that just seems to be the view of many people topping up on stock here.
I may reshuffle a little of my position today; I know it's foolish to sell off into a dive, but in truth - I can't see tomorrow being any better for ZFX. AGM will most likely announce their formal refusal of the offer. I probably won't exit my entire position; just some of it! To buy something else with
Yeah, I dumped some BNB yesterday - just as well, down another $1 this morning. I'll be looking at improving the position of some of my tiddlers - like BBP, BBW, ADY etc. Have a good day
Well you guys are in luck! I sold out of Zinifex, watch it pull off a 5% gain nowI am definitely going to buy back in, just not yet!
Get ready for the takeover offer now
Well, at least now that I no longer hold my emotion won't cloud my judgement, & I can try to be more positive for you guys:
Even though I sold out, I sincerely hope for all other holders it has a stellar run
By you selling out of ZFX does this mean we need a new CEONyden dont leave us in our hour ,day ,week, month of need
:
I'll be back! If the price hits about $8 I'll buy back in
Until then, best of luck
Hmm, it's going back down again. I honestly thought it would climb back up to a 2% loss today, there seemed to be a fair bit of buying after 10:30. Back to 4.5 now.
Still, it's holding it's own over $10, that's something to smile about
If you know the market is slipping...
why do people keep topping up...
why not sell now and wait for signs of a bottom.
like someone said... it clears the mind and allows you to make the next decision without emotion. Topping up is very effective... if its done for a good reason. I cant see what the reason can be right now... other than the stocks are looking cheaper than they did 3 months ago.
With a new director coming in soon... at the very best how much of a rebound will you see with current sentiment?
I really think that shorter term investors should seriously assess whether this is a "correction" we are seeing or a downward spiral.
Whilst topping up was a good strategy last year... I think we are in a completely different situation now.
I tend to agree. Buying more just for the sake that it's cheaper than it was in this market seems rather risky. One should be minimizing their risk in uncertain times, not increasing it
I guess though if you're so convinced fundamentally though, it could be excused! Still, I don't make a habit of topping up in stocks that are in an individual free fall. If it's the market itself, then fine - but ZFX has been falling for a long time, not just these last few weeks.
Today's loss seemed very minimal, if the US markets held up nicely we could see a fair rebound tomorrow. Damn, sold out at the bottom apparently! Go figure: I used some of the funds to top up on OXR as well, ugh, already sitting on a heavy loss :
Do you guys that top-up have a plan? For instances, hold until a certain low? Will you still be holding if it goes to much lower prices? My plan personally, is to wait until next week - earnings report season for my 2 main stocks, if all is well, keep holding for divies. If not, sell out & stick to cash for a while
Disclaimer; This does not constitute as any form of advice.
I tend to agree. Buying more just for the sake that it's cheaper than it was in this market seems rather risky. One should be minimizing their risk in uncertain times, not increasing it
I guess though if you're so convinced fundamentally though, it could be excused! Still, I don't make a habit of topping up in stocks that are in an individual free fall. If it's the market itself, then fine - but ZFX has been falling for a long time, not just these last few weeks.
Today's loss seemed very minimal, if the US markets held up nicely we could see a fair rebound tomorrow. Damn, sold out at the bottom apparently! Go figure: I used some of the funds to top up on OXR as well, ugh, already sitting on a heavy loss :
Do you guys that top-up have a plan? For instances, hold until a certain low? Will you still be holding if it goes to much lower prices? My plan personally, is to wait until next week - earnings report season for my 2 main stocks, if all is well, keep holding for divies. If not, sell out & stick to cash for a while
Disclaimer; This does not constitute as any form of advice.
If you know the market is slipping...
why do people keep topping up...
why not sell now and wait for signs of a bottom.
like someone said... it clears the mind and allows you to make the next decision without emotion. Topping up is very effective... if its done for a good reason. I cant see what the reason can be right now... other than the stocks are looking cheaper than they did 3 months ago.
With a new director coming in soon... at the very best how much of a rebound will you see with current sentiment?
If your excited about that you should check out RAT, I worked it (the yield) out the other day to be 17%I am tempted to get some ZFX at <$10... who would have thought a stock could give 12% dividend! Better than ING Direct account.
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