ZFX - Zinifex Limited

[chops_a_must]

I bailed out this morning ...... ABC news saying a 10% increase in costs....time to look elsewhere for another play.....it's going sideways if you ask me.

Lol!

Poor pacey!

Missed out big time, bad call.

 

[barney]

Lol!

Poor pacey!

Missed out big time, bad call.

Hi Chops, I wouldn't worry too much about Paceman .... He's probably been in and out (and IN again since his last post) .... Smart trader !! (hows STO going Pace .. still in or taken your profits??

PS Now I'm not a good trader .... I must be the only person this year to lose money on ZFX .............. such is life ................ Beware lads ... lots of gaps in the SP !!!!! The market is fickle atm imo. All the best Barney.

 

[clowboy]

PS Now I'm not a good trader .... I must be the only person this year to lose money on ZFX .............. such is life ................ Beware lads ... lots of gaps in the SP !!!!! The market is fickle atm imo. All the best Barney.

Nope I know someone else

 

[crayfish]

still plenty of good times ahead for zinc....the "supercycle" has arrived

 

[barney]

Nope I know someone else

Howdy Clowboy,

Its a bugga thats for sure .......... Timing is very important ........ you'd think I'd know better being a muso!! Cheers. (PDN has been a little kinder !!)

 

[chops_a_must]

Timing is very important ........ you'd think I'd know better being a muso!

Only if you were a drummer...

 

[michael_selway]

Picked up a few today.
Close above 17.06 was a break of all-time highs (Friday).

so you only own ZFX recenlty?

thx

MS

 

[toothfairy]

so you only own ZFX recenlty?

thx

MS

I own 75% ZFX, 15% MCR & 10% LHG for the last 6 months.
Most brokers / analysts believe in DIVERSIFYING which I don't, I think that's a p'ss weak way of saying " I have no idea".
I have traded ZFX actively (over 15 times) over the last few months, but on an average I bought back @ a higher price than what I sold more often than the other way round. Like paying for an insurance cover.
ZFX is unique in the sense that it depends on zinc prices, rumours of acquisition and low PE that it defies reasoning from technical analysis. (Sorry Nick). Analysts from MacQuarie spent all their time researching have been knocking this share ever since it was $1.85, I bet they have been buying it on the quiet. What a corrupted business. Sorry, I've said enough.

 

[michael_selway]

I own 75% ZFX, 15% MCR & 10% LHG for the last 6 months.
Most brokers / analysts believe in DIVERSIFYING which I don't, I think that's a p'ss weak way of saying " I have no idea".
I have traded ZFX actively (over 15 times) over the last few months, but on an average I bought back @ a higher price than what I sold more often than the other way round. Like paying for an insurance cover.
ZFX is unique in the sense that it depends on zinc prices, rumours of acquisition and low PE that it defies reasoning from technical analysis. (Sorry Nick). Analysts from MacQuarie spent all their time researching have been knocking this share ever since it was $1.85, I bet they have been buying it on the quiet. What a corrupted business. Sorry, I've said enough.

Merill Lynch is the worse, they have a sell on ZFX for a long time now and still do, but every now then they become "substantial holders" of ZFX (see annoucements)

thx

MS

 

[spitrader1]

Merill Lynch is the worse, they have a sell on ZFX for a long time now and still do, but every now then they become "substantial holders" of ZFX (see annoucements)

thx

MS

Michael, you need to read the substantials more carfeully mate.

The actuall end holder of the ZFX securities is Blackrock and ML international. These are completely independent of the broking house ML Australia and its recommendations.

 

[nizar]

so you only own ZFX recenlty?

thx

MS

Yep. Had it last year, bought at 2.00 and sold at 3.25 (around august). Knew nothing about zinc, and nothing about trading, i just thought hey 60% in 1 month thats pretty good, and that was the end of it.

In any case, im pretty confident i owned KZL before you

 

[MiningGuru]

Looks like it's taking a bit of a breather today!!

Not surprising.

Could be a good day to pick up some!

 

[dlineinvestor]

Zinc prices rising ! Will it reach $19.00 before Xmas !!

 

[stoxclimber]

Might reach 19 tomorrow!

 

[chops_a_must]

Might reach 19 tomorrow!

It might. It will be interesting to see where the next point of resistance will be. I'm guessing $20, but it depends on the zinc price. Fundamentals might be finally starting to catch up with this one.

Interestingly, when Alan Kohler started putting his zinc charts up some time back, and ZFX was about $14 or $15 for the first time, he was saying that some people are speculating that it will reach $25 near term. I kind of laughed at the time. Now I'm not so sure. But then again, Kohler has been saying that these resource stocks have been massively undervalued for a long time.

I don't really have an out price for this one, which is kind of silly you will tell me. But the SP could really go anywhere. For me, it's more of a matter of choosing a time with this one. But when?

 

[Fab]

Sign are good for today but RSI and Bollingger band shows that ZFX might be getting close to being overbought. At least that is how I am reading it.

 

[wayneL]

Zinifex is listed in the US on the Pink Sheets and the chart can be viewed on Yahoo Finance http://finance.yahoo.com/q/bc?s=ZFEXF.PK&t=3m&l=on&z=l&q=c&c=

Might give you a lead for the days trading.

 

[borat]

at what level do we think there will be consolidation in ZFX? taken a fair drop over the last 2 sessions, to be expected with it's bullish run...

 

[Fab]

Correcting today I guess that was expected

 

[niknah]

The zinc warehouse level has gone up a little, first time in a while...

http://www.kitcometals.com/charts/zinc_historical_large.html