I guess I should clarify my last statement a bit more! When I said I went short with everything I had, I meant everything in my account, which was not a huge amount. Like you all, I am very bullish on zfx, and this has served me very well in the past 9 months or so- I am up nearly 400% on my initial investment, and have been trading ETO's on ZFX.
But as Jay says, when it drops it tends to do so very fast. It has risen a large amount this week, and looked to have run out of steam today. If past patterns/trends are anything to go by, I think it will revisit the low 18's at least one more time,before pushing above 19 and beyond.
ZFX
zinifex limited
