SP possibly stabilizing and consolidating after the dumping. If so, sentiment may change somewaht more positive and could be a few cents upwards on the SP near term. Speaking as a day trader here, and picked up some this morning on this expectation but am prepared to hold if the picture going forward becomes a bit clearer. I daresay the trading "signals" ( stabilization of SP after the big falls) would be on the radar screen of other day traders if they think like me. Looking well down the track, and assuming KZL remains a viable entity until then, the outlook for zinc prices are quite good, since 2014 thereabouts is anticipated to be the year there is a shortfall in mine output relative to smelter demand, primarily due to some of the big mines (globally) reaching their end of life overthe next couple of years and there is a scarcity of new big zinc deposits being developed in time to make up the immediate shortfall.
So it could be an investors dream stock longish term at these prices, but right now I have my day traders hat on, but am prepared to hold if I ahve made the wrong short term decision
KZL Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held
