compare the numbers, page-7

re: compare the numbers: mvanle andrewe,

I don’t know the future. If I did, I wouldn’t make mistakes. Heh.

ZFX has good long term prospects, and will reach its 14.00 / 15.00 targets based on supply/demand fundamentals. What you’re doing is right by using ratios, profit, broker forecasts etc. to make investment decisions. ZFX’s 0.04 P/eg (yesturday cob Tue 23 May’06) was absolutely mouth watering.

But for the time being it is in a mode of volatility that can be described as trader’s paradise. The daily stochastic’s too erratic. Not withstanding profit upgrade announcements, investors attempting to place long-term trades and pick the bottoms often wind up averaging down or losing money; so should leave it to the traders to settle the matter. Day traders don’t even try to pick bottoms. They just trade what they see … heh.

For example sure you could pick 9.40, and it goes to 11.00 but then in 2 weeks it’s back to 9.40 again. From an investor’s point of view why would you go through that. :/

All bets are off atm until US inflation picture is clear.

IMO when ZFX shows strength at 10.00 that would be the time to place long term trades. This could happen during a climb from 9.00 or 9.50, or even a descent from 11.00.

If it helps, monitor your momentum indicators eg. MACD & RSI.

Nothing wrong with ZFX fundamentals.

It’s in (or going to be in) a downtrend because a strong negative divergence has formed, and will take time to wear off.