The difference between Syrah is that had solid tangible assets whereas Zip has virtually nothing in Tangible assets and will be reliant on capital raising for the next few years at least
On the plus side if the hammer bottom on the Nasdaq last night was support at the bottom of the trend channel then I see another potential 15 per cent upside.
The positive for Zip is it closed the long standing gap at $3.77 and bounced from there.
May have further upside but I'm exposed to BNPL on Sq and Affirm and don't want to add more.
My ultimate belief that it will go bankrupt is unchanged but nothing goes down in a straight line
Z1P Price at posting:
$3.92 Sentiment: None Disclosure: Not Held
(20min delay)