A friend of mine has had a few big plays in this stock so I have been following somewhat.
I know everyone who owns this stock will argue with me that it is different this time re China & India. But Zincs rise will not last. Just the same as copper's rise hasn't.
Spot zinc is very vunlerable right now breaking under $2 and not been able to regain it.
I personally felt that Zinc should have run futher before running into trouble.
However, if I owned ZFX I would be bailing today until Zinc finds a solid footing again.
Note ZFX has been getting very choppy lately with sharper declines.
Selling pressure is increasing.
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ZFX
zinifex limited
A friend of mine has had a few big plays in this stock so I have...
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