Short Term Trading Weekend Lounge: 21-23 Oct, page-247

  1. 1,883 Posts.
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    GF - Always love your posts, and really rate you as an analyst and trader, so don't take the following as any attack on any of that.

    For those following along: Read up on the company, and know that I'd back ZMI on their fundamentals. On the whole, they seem like an ok company with some great potential in the projects that they are involved in. I would however like to stress that those people attempting to jump in over the next week or so, exercise a high degree of caution. The current SP (and movement + volume on Friday) was a result of a tip sheet recommendation - rumoured to be from Port Phillip Publishing, who circulate a well-known investor newsletter, and have also been linked to some dubious practices in the past.

    I've been burnt with the stock in the past, so am a little biased: my 'exercise caution' note is related as I want any juniors/retailers who get involved to understand that there are some pretty big boys - and by extension, experienced traders and stock-manipulators - involved with this stock and they may play certain games that may lead you to lose your money. This can obviously happen on any stock, however I've noticed this happening with ZMI in particular.

    I'm by-no-means an expert on these things: the above is just my own observations, so please do your own research etc etc.
 
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