likely price zfx will be on monday, page-9

Most ppl who have traded in resources stock know that a correction is coming, just like the May correction. But the thing is that we don't know when it hits.

But when it hits, the first sign is normally ZFX will go down over the 5-10% limit in 1 day. The first sign was obvious back in Thu 4 Jan, but obviously this has not been picked up as yet by indicators, so investors think it's just a minor retrace.

Now we have a slightly better picture of the base metals. A key reversal is now here for ZFX.

This correction will not be as big as May 06, but sufficient to bleed many investors.

Trading from day to day trying to pick ZFX low is very dangerous as the old saying "catch a falling knife".

Give it 3-4 weeks for the stock to settle prior to getting back.

Any price over $15 are still expensive IMO.

As for Monday price, good luck if the fall is less than 5%. But as posted earlier, this stock tends to rebound very quickly (look at FRi 5 Jan price).