China Shen Zhou Mining (NYSEMKT:SHZ)

CAPS Rating: 1 out of 5

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Player Avatar TSIF (99.96) Submitted: 6/21/2012 11:21:37 AM : Underperform Start Price: $0.85 SHZ Score: +15.14

Sheeze, not again..... rare earths had a minny rally and may have more. China Shenb Zhou Mining spiked in parallel. Doesn't matter that they don't have rare earths. Doesn't matter that they have been bleeding money and that are still well ahead of valuation considering they have a negative cash flow. They have been buying up some mines and consolidating. They have some exposure to other metals (zinc, lead, copper), besides their mainstay " fluorite". Unless China starts fluoriting thier water or selling more toothpaste, this is a losing play. (As it has been the other nine times I thumbed it down the last two years). Yes, it might short stroke or pump to $1.00, based on it's chart, but I'm taking my downthumb entry as the rare earth spike curbs.

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