KZL stll going strong

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peterloh

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Monday, April 03, 2006 - 05:25 pm:

With regards to palmtress I have transferred this to the long term trade. I couldn't find the other thread.Here is the chart.Still holding since december 2005.

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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

palmtrees

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Monday, April 03, 2006 - 06:31 pm:

Well done Peterloh.Analysts say this is "The Year of Zinc" so I hope you do well.I obviously cashed in way to early and that mistake cost me nearly $1 per security.Your coolness in the face of volatility is to be applauded.
All the best, Mark

peterloh

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Tuesday, April 04, 2006 - 09:48 am:

palmtrees,

Thanks for your compliments, it is not my coolness in this case, it is more to our different approach to trading.Yours is a short term approach probably you decide to exit due to KZl breaching your guidelines.Whereas if you look at my chart above, there is no indication or warning that I should exit.

best wishes

satitoca

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Wednesday, April 05, 2006 - 07:50 am:

Hi Peterloh
what made you keep during a 25% decline in price in feb?
regards Satitoca

peterloh

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Wednesday, April 05, 2006 - 10:47 am:

Scott,

I actually bought more in February, if you read my previous KZL thread.My determination to sell is not base on daily but weekly chart, but I do use daily chart to time my entry and exit.The weekly chart will tell the story and the long shadows tell us that the sellers are not having it all their way.

satitoca

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Wednesday, April 05, 2006 - 11:38 am:

Peterloh
Thank you for the reply .finding it hard to come to terms of a 25%hit even if showing a 50/70%profit.I wouldnt be able to sleep and probably feel ill aswell .each to there own thank you again for reply.
regards Satitoca

peterloh

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Wednesday, April 05, 2006 - 01:00 pm:

Scott,

I have to admit at times I was going to toss it in. It is a psychological game isn't it? I always stretch that FA is so important and know your subject.One thing I watch out for is the volume, when it is going up, and the volume when it is going down.It is not too bad if you have a portfolio to manage, something like that is going to happen to one of your share at one time or another.It is a part of trading I always have to live with.I was trading ION, SGW, HWE and got out after a 10% hit because something was not quite right.Understanding the reason for it going up and the reason for it going down is also important besides what the chart tell us, helps.

peterloh

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Tuesday, April 11, 2006 - 03:33 pm:

Is the volume telling us something that we don't know? Who DARES Wins? Must be mad to keep on toping up.

rederob

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Tuesday, April 11, 2006 - 08:12 pm:

Peter
You would be mad if the stock was likely to decline in the medium term.
It is not.
It will undergo a sharp correction shortly, but bounce strongly again, as the zinc market is getting much tighter every day.
I set my limit at 10,000 shares, but could break that rule if the correction is strong enough to warrant a re-entry.
My view is that this is the safest commodity stock play at the lower end of the price scales.

peterloh

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Tuesday, April 11, 2006 - 09:41 pm:

Robert, you will think the accumulation process was done some time ago.I have noted the recent SP rise has been accompanied by volume.This will continue until the buying has "thin" off or a large holder re balance its portfolio.I notice the strong recovery yesterday, after it was sold off early in the morning.Any retracement will be seen as an opportunity to add on to one's portfolio.It also looks like demand is greater than supply currently.If their hedge book has been reduced substantially or completely retired, there is a likely hood of substantial improvement in the second half's result. The quarterly result should be out soon.

dug

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Thursday, April 13, 2006 - 03:32 pm:

I'm interested in your HedgeBook remark above ,Peter.Redebob also discusses elsewhere Hedging,or rather the lack of it in Resource Companies as being really good in the current climate of Commodity BOOM.

In regards to KZL,do they have any other Zinc mines other than Qld's Chillagoe? because if they don't?well it seems their whole production is ear-marked to go into Korea Zincs' Townsville smelter.Korea Zinc recently doubled their Holding in KZL to 14% around the time some of your favorite Funds,Peter,sold out.

Anyway,to save me the time of wading thru pages of Annual Reports,do either you Peter or r2r know what the relationship is between KZL and Korea Zinc is?Like do they have a price agreement[Hedge] set up between themselves?

My understanding of Asian Companies is very limited,I'm the first to admit but I have an impression they [asian companies] are much more co-operative between themselves to the extent of what we may see as Monopolistic,they see as co-operative or symbiotic.The Elder,Bigger,More Important Company THRIVES and subsidiaries get 'looked after',that sort of thing.

Peter did you read any reason WHY AMP and Common Bank got out of KZL months ago?

Anyway,lots of questions that I should really find my own answers to but,well,just thought I'd ask them who may have answers at their fingertips.
regards.

Avatar- PHACOPS{speculator}from the Devonian Period.

peterloh

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Thursday, April 13, 2006 - 04:04 pm:

Dug,

I do my own research and do not pay due respect to every fund managers who have their own measurement. For all I know they still have a holding, may be not substantial any more.I have my original holding which I bought at $1.85, a few months back. I have also traded KZL and pleased to say that I have some luck trading it short term too.

Besides, the above, I need not know anymore, as too much may blur my vision.So far I am contended with their share price and with a pinch of luck, KZL may have some way to go yet. Anyway that is my wishful thinking, forever optimistic. Have a nice week end and Happy Easter.Have to agree with Rob about putting any more to it, other then to leave the original to ride the trend.

Best wishes

rederob

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Saturday, April 15, 2006 - 11:22 am: