jb morgan, barclay & ubs not wise, page-9

re: short sellers accumulating Means nothing.

Unless you know what's going to be in the report everything is mere speculation. Speculate at your own peril. Nobody sits in the board room meetings except for the directors so how can anybody tell me it's raining cash at zfx. Analyst or no analyst. Zinc or no Zinc.

Production; revenue minus COGS minus operating expenses etc. is not retained earnings after EBITDA. There're a whole lot of other company expenses.

Look at OSH. Posted 60% revenue increase for 2005 yesturday and sp dropped 2.6%.

The problem with ZFX atm is a technical 8.00 resistance.

ZFX has had a good run, the momentum behind it lied with the 100% growth but that was announced in Oct-Nov'05.

MACD(26,12,9) has converged for the first time in 2 months at +0.40 levels so there could be a lot of impending downward momentum to drop the sp to 7.00.

If it doesn't hold 7.00 it's going to 6.00.

ZFX traders are looking for signs of global stability ahead of the Second Quarterly Activity report, even if it's just bit. A ~220 pt drop in the Dow is not funny, but any indication that world markets will hold will be favoured and push ZFX back to 7.80 levels.

Long positions need the XAO to hold above 4780 for a 7.80/90 target.