re: us consumer prices rise pt 6pc Snake13,
Best price to buy back into ZFX is the lowest possible and not 1 cent higher....
Now you have the question what is that?
Honestly I can not answer that...I could say $10.50, however if there this more downside in overseas equities and metal prices take another hit, then $10.50 will not be cheap any more, it will seem dear.
I guess Mid-$9's would be pretty ggod. Last parcel of 12500 ave was $9.62, sold at open on Tuesday. Did not heed the warning signs over the weekend and should have exited at open on Monday. Kicking myself for that.
For time being I am sitting on the sidelines, watching and waiting.
Andrewe and myself have had many chats about ZFX price out 12 months and he is right that MFS Fwd P/E is very low based on EPS of 282.7 for FY07. So yes the price is better buying now than on Friday, but it might get cheaper. Long term ZFX should be one of the big winners on the ASX for the next 12 months.
In the end it all gets down to what you feel is a comfortable entry point.
Good luck with your trading.
Cheers
John
PS to andrewe (not the great muzza22 - just muzz pls!!)
ZFX
zinifex limited
