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ZFX - Zinifex Limited

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pacer said:
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.
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Lol!

Poor pacey!

Missed out big time, bad call.
 
chops_a_must said:
Lol!

Poor pacey!

Missed out big time, bad call.
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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.
 
barney said:
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.
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Nope I know someone else
 
clowboy said:
Nope I know someone else
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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 !!)
 
michael_selway said:
so you only own ZFX recenlty?

thx

MS
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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
 
michael_selway said:
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
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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.
 
michael_selway said:
so you only own ZFX recenlty?

thx

MS
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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
 
stoxclimber said:
Might reach 19 tomorrow!
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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?
 
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.
 
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...
 
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