ZFX zinifex limited

if cvrd take over xstrata i will short the...., page-3

  1. 9,861 Posts.
    lightbulb Created with Sketch. 5
    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

 
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