thats an interesting thought
i have and always live by the rule
never short a company that has any link to takeover talks
definitely buy on the dips and ride the highs but shorting would to me be suicidal,you could wake to a mssive problem one night
A recent example of this would be RIO, alot of people were shorting the day before that famous LSE announcement while we slept of BHP intentions. For shorters that day was a nasty day
I would also consider the fundamentals of ZFX and the market seems to be waking to that as well ( tchnicals would have a double bottom just recently as well)
A fair value of ZFX to me is around 1945, so it is heavily discounted at the moment with wads of cash in the bank and commodities coming of a pretty rough month
I did have 15,000 and sold thursday and friday mornings
I could have done the wrong thing with metals so strong as i was hoping to pick them up again monday tuesday for low 15's i might not be so lucky now
anyway good luck your short you have better nerve than i
- Forums
- ASX - By Stock
- ZFX
- if cvrd take over xstrata i will short the....
ZFX
zinifex limited
if cvrd take over xstrata i will short the...., page-3
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online