Always trying to bend things around his way is FFS, but I do not like his theory of choosing colours for buy signals. For me a few red days may be ok, but the over arching evidence of the founding director resigning and selling out, new laws in Parliament, new RBA powers granted only on 28 November, a sharply declining SP, even the matter of a stampede of formerly very vocal bulls would be enough. ZIP is short of capital and it is unwilling to access more. No doubt holders will get an offer they cannot refuse in time, once the industry consolidation is underway, but for now it appears the SP is on a slide. I tought it would be range bound but it looks worse.
ZIP Price at posting:
$2.91 Sentiment: None Disclosure: Not Held
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