Australian (ASX) Stock Market Forum

ZFX - Zinifex Limited

Re: ZINIFEX..ZFX

What a ride we have in this stock..Tech/a..we need your opinion or graph...its a rollercoaster... :2twocents
 
Re: ZINIFEX..ZFX

You dont need a chart on this.
Far from a rollercoaster!!
Here it is anyway,boringly profitable!
 

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Re: ZINIFEX..ZFX

Tech/a..boringly profitable..this sounds like sweet music..I think my $4.target should be soon...others on other boards are also very happy...as someone said chicken is the winner by over 50%...great call I thought when I started posting everyone thought what is with him..well www.zinifex.com.au...and shares magazine and my personal hunch found me this share and 10million shares traded..what more can I say but I like having boringly profitable shares...the other one I like is BPC...which featured on channel 7 this morning..brokers have a big BUY...I bought plenty...its a defencive stock..as some one said boring..but I hope it will be as profitable as ZFX..So everyone have a profitable year...anyone who could contribute please post here as we all like to know what is on your mind or you may come out with real news....which could be important to all of us thank you all :2twocents
 
Re: ZINIFEX..ZFX

BPC.

You know my broker?
Bought at $1.02.

Perhaps we should start a BPC thread?
 
Re: ZINIFEX..ZFX

Thanks Rich kit...intresting situation..ZFX..check all metals are way UP...www.zinifex.com.au all there for everyone to see...Maquarie featured zinifex as a possible takeover target..intresting I thought...I think 2.5 billon could buy this group noticed 3 directors are KIWIs..all very professionals..2 from Fletcher challange and 1 from Carter holt...good management ..also..where have you got a group..they explor,they produce and they sell the finshed product....PAS was on the right track...but had too much debt..pity what could have been..but Zinifex is now making up for it....my target of $4 will easily bee reached..and higher..check their assets their sales and their profits..if they have more gold,zinc,lead or nickel or copper discoveries a $10 share is possible.. :2twocents
 
Re: ZINIFEX..ZFX

the brokers started the dance on wednesday..hold tight will go higher just shortsellers trying to fill their sales..let them bleed dont sell to them...just my personal opinion...but decide yourself what you want to do..see TECH/a s graph that tells the story... :2twocents
 
Re: ZINIFEX..ZFX

check www.zinifex.com.au the ZINC price jumped to $1788 overnight its up a massive $17...as I said reading what the metal people are saying..ZINC is short by a massive 395000 tonnes worldwide..make your research..the price is telling us that this is so... :2twocents
 
Re: ZINIFEX..ZFX

I'm on board the Zinifex Train -with a stop loss set of course and progressive pofit stops set as the train moves onwards and upwards (depending upon market conditions of course)
 
Re: ZINIFEX..ZFX

Barbarian,,,,monday the stock will rise to wednesday and then the traders are shortening the stock..not many being sold today..there are 800k in shorts so they have to buy them for delivery..see ASX..under shortsell intresting reading :2twocents
 
Re: ZINIFEX..ZFX

Hi Chicken, I'm new to the stock market. What do you mean by 'see ASX..under shortsell intresting reading' ? where do I find that? Cheers
 
Re: ZINIFEX..ZFX

Have we seen a double top in this stock (2nd march and 9th march)??? If it goes down today (mon) if I'm drawing my lines right I think it may be breaking its uptrend.

What do you think tech/a??

Malachii
 
Re: ZINIFEX..ZFX

I agree - they weren't exact but there again - they very rarely are, It is also starting to concern me that the price seems to have broken the uptrend line. It could all be just a hiccup - but there again it may not be. I use options with this one so need to be fairly quick on the reactions - I've taken a part profit today and also late last week. I'm not by any means saying this is the top and it is going to crash from here. I guess I'm just being cautious and also wondering how others see it.
 
Re: ZINIFEX..ZFX

chicken said:
the highest was $3.48c....and the next was $3.45..it was not a double top :2twocents

You do not need the same price to have a double-top.

Have a read to the next info:

Sometimes the two peaks comprising a double top are not at exactly the same price level. This does not necessarily render the pattern invalid. Murphy points out that investors should be less concerned if the second peak does not hit the high of the first peak. If the second peak is higher than the first, however, investors should show caution because the pattern may be in the process of resuming its uptrend. Analysts advise that if the second peak exceeds the first by more than 3%, the pattern may not be a double top. Similarly, if the second peak stays higher than the first peak by more than a couple of days, then the pattern may not be a true double top.
 
Re: ZINIFEX..ZFX

Nothing has changed their finicials are the same their production is up..their profit is up everything is sold...ZINC is higher..its just traders playing..now we know where WMC is going well I wonder on which radar screene we are on...the company is sound...so what is the problem..re shortsells..its www.asx.com. au./data/shortsell.txt.I have not checked but must do so as last time I looked 800k shares were wanted :2twocents
 
Re: ZINIFEX..ZFX

I just checked so the broker has bought 300k...shares which he sold short for deliveries...only 500k left so he will work this share tomorrow to get rid of his shorts..then as the company will buy their own shares he will bring the price up..its a game they play...the company is sound..its just one broker working it real hard,,,I have not sold because 84% is held by 20 shareholders and they have not sold just a few millions went through...by sharetraders.. :2twocents
 
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