ZFX zinifex limited

re: just cracked 15 bucks This bunny been on a rollercoaster...

  1. 483 Posts.
    re: just cracked 15 bucks This bunny been on a rollercoaster ride today. Capped near end when a 50k seller came in at 14.75 - only sold a few however, he successfully shoved the share price down as people tried to close out positions on a Friday arvo. Very easy to move ZFX with low volume on a Friday arvo. Also, people need to keep in mind that many of the insto's and funds make money from the underlying warrants, oppies and other derivatives. These are much more leveraged than the ZFX shares themselves. So insto's move the share price around to get best returns on their derivatives.
    (hope this waffle made sense)
 
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Currently unlisted public company.

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