Daily Price Movement / General Discussion, page-32596

Or an experienced empathetic old man who has seen this story before and seen lives ruined by people chasing rainbows.

Everyone in the stock market is simply trying to improve the lives of themselves and their families, it would give me no pleasure to see them short changed.

I have reasons for posting on Zip and they are justified and will come to light with the passage of time.

i think what you don't realise is that with nearly internet based or on line shopping based stocks the ATH were the end of a feeding frenzy and projections were relying on future forecast profits based on accelerated adoption from Covid lockdowns and fiscal stimulus.

All that did was bring forward projected sales figures by four or five years and the $14.50 high was representative of that. As you can see from ASOS and Bohoo the profits are collapsing and growth is going negative as it attempts to return to the mean and those stocks return to pre Covid levels.

The spoke lows on Covid were artificial as were the spike highs at $14.50 and that level is unlikely to ever be seen again.

It looks like Bohoo and ASOS will exceed their Covid lows just like Alibaba

Its obviously worse for loss making stocks with horrible balance sheets like Zip

Ill give it six months before Zips auditors or financial press are asking serious questions about their ability to survive.