ZFX zinifex limited

disappointing - price being massaged into a zone - they tried to...

  1. 157 Posts.
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    disappointing - price being massaged into a zone - they tried to take it below $12 on 21/12 but met stiff resistance (maybe the massagers were the buyers as well?) - price is always massaged to close into lower end of day's range to take advantage of any subsequent overnight downturns / bad news (today being the exception) - always filling first 2 or 3 sell lines with "bigger" orders to scare punters into selling (last night's close was a classic, 2 sell lines at $12.08/09 and then nothing upto $12.20) - my optimistic view is investment houses have too much information - damn swiss - - for what it is worth the 30dvwap is now below $14 after today's closing - will be interesting to see how it plays out next week - all fun and games - good luck to all holders
 
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Currently unlisted public company.

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