Daily Price Movement / General Discussion, page-12902

Until i see some real price improvement from zip or considerable downside from apt, then you might have some market correlation happening and it will stay in that High Beta Category which displaces the instional long term investing . ZIP is very reactionary to APT price movements, banking sector , the I.T sector and the overall market , in other words , the price movement is still very much action like a penny stock rather than a top 100 . So if this trend continues , volatile up and down swings, it remains a high risk. I really think there is a displacement happening either with APT being in the IT sector and ZIP being in the financial services sector - Both companies need to address this IMO if they are both calming the prise of BNPL market leaders.

Larry does not help the situation by being absent from the ASX - He is not reassuring at all , even thou many on here tend to differ. The fact that the New chair, has not acuariid any shares , since her appointment , no accumulation from the other executive members is very disconcerting to me.


on a side note : S&P 500 High beta index is down by 2.5 % so if we more dramatic up or down swing , there some what of a correlation between this index and ZIP

IMO