re: us consumer prices rise pt 6pc No problems snake.
i will tell you a story to make you cry.
i had 36000 zfx at $6.88 average. they bounced off $8 a couple of times and i watched my profit go to zero. I panicked and sold out eventually in early Feb for $6.97
I bought wth the long term in mind and was distracted by the movement of the zinc price and the falling share price and lost my focus. I bought back in for 17k at $7.62 and you will not get those out of my hands even if it falls back to $8.
I will scrounge up more cash and mortgage the house etc and buy back my 36,000 and maybe more.
How often does the train leave the station and come back to pick you up?
not often.
i am not saying the price has bottomed out because anything can happen in a volatile market. but project yourself out 6 months. Zinc may have settled in at $1.50/lb zfx have announced their full year report of $1.70 EPS and look on track to make $2-$2.80 in 2007.
Joint ventures with terramin are going well, Dulgald river is coming along, more exploration at century, the market has returned to a bull situation.
What will the price be?
When will you wish you had bought it?
cheers ae
PS are you a zinc bull?
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