MiningGuru said:ZFX has traded at over $13 so it may only need one day to recover the loss of the dividend payout.
Man this share is hot!!!!!
Someone must be amassing a holding or something!
It is really powering ahead and will probably push $16 before the end of the month!
rederob said:The TA "suggests" a downtrend.
TA types will therefore pre-empt market movements by taking short positions or quitting long positions.
Unfortunately they really do not know what is happening in the real world with lead/zinc, and this is where I take advantage of their capacity to bring down the stock's price to my buying range: About $9.
The tightness of the zinc market almost assures this stock of attaining and surpassing its previous high ($13.50) which means that a buy-in at near $9 will give about a 50% return in the medium term (I would say before year's end).
A smart trader would now be sh!tcanning this stock in every forum they could post on, and buy the big dips.
Nickel is about to capitulate its base metal dominance and I reckon it will be quickly replaced by zinc: So buy Zinifex, or buy more if you already have some!
swingstar said:rederob clearly has a very narrow view of TA and its purpose. My analysis suggested bullish activity in July for instance. I don't wish to go into this discussion with fundies not only in this thread, but ever again.
wayneL said:Agree,
Certain people here seem intent on creating acrimony between t/a-ists and f/a-ists.
I would encourage them to concentrate on developing and discussing their own methods rather than constantly bagging the methods of others.
I think there is ample evidence that both methods have their advantages... both work- end of story!
Cheers
bowser said:Sorry for the confusion, my post has been taken totally out of context. All I was trying to do is thank someone for pointing out a different opinion to which I held at the time. I was in no was directing my comments toward swingstar(or techies vs fundametals).
bowser said:Sorry for the confusion, my post has been taken totally out of context. All I was trying to do is thank someone for pointing out a different opinion to which I held at the time. I was in no was directing my comments toward swingstar(or techies vs fundametals).
bowser said:Rare for a company to close above the previous day when its gone ex-dividend. Promising sign...
I simply invest when opportunities are best presented.swingstar said:rederob clearly has a very narrow view of TA and its purpose. My analysis suggested bullish activity in July for instance. I don't wish to go into this discussion with fundies not only in this thread, but ever again.
swingstar said:rederob, your view that technical analysts would have been selling ZFX suggests to me that you haven't done much study on TA. Within TA, there are quite a few different schools of thought, not to mention not all practitioners trade within the same time frames. Maybe a swing trader who uses TA might have sold around July. Conversely a position trader using EW may have counted the beginning of a wave 5 and bought. It's just not so black and white as you suggest. Techies have differing methods and goals just as fundies do.
That is all I was getting at--nothing personal and nothing to do with the stock in question.
Cheers
If you'd bought in at $13 in May you mightn't be so amazed!!!nizar said:This share has been hot since last year bro its nothing new or out of the ordinary
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