you will find it is mostly retail who’ve tried to be smart buying the “low” at $3, $2, $1 and 50c etc and now suffering fomo as they keep throwing good money at it.
meanwhile the funds enjoy the shifts in market volume (mostly created by them) as it allows them to continue baiting the retail, enjoying the swings as they look to close out loss positions in a much healthier state.
you would be kidding to find an respectable fund who has zip as a long term buy / hold based on the current state of affairs (internally and externally). I wouldn’t want my fund manager telling me they have a healthy position in zip.
I also doubt that any half educated investor is actually buying based on FA after having sat down days on end to research.
all in my opinion
you will find it is mostly retail who’ve tried to be smart...
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Last
$2.28 |
Change
-0.100(4.20%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.49 | $2.27 | $58.79M | 24.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127436 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 42424 | 3 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |