The Victory Lap for ZIP 2024 Holders (Cont.) - Part 5 of 12
Not Suitable for Shorters.
May 2024: Exaggerated Price Swings Overall Decline – A Test for the True Believers
"Good policy is about doing the hard things and believing in the long-term benefits."
– Paul Keating (1996)
– ZIP Long Holders (2024)
May was, let’s face it, a challenging month with few substantial catalysts. While the month started strong, selling pressure dragged ZIP down to the low of $1.12. A real test of where ZIP stock price was heading.
My Thinking in May
Here’s where my mindset was in May: the price increases had stagnated, and the overall decline seemed unstoppable at the time. My confidence in a $1.50 ZIP by FYE was thoroughly shaken and I had basically abandoned that expectation.
Stay tuned for tomorrow’s exciting installment, where I reflect on just how wrong I was.
Happy Holidays ZIP Long Holders.
Long Holders, ZIP 2024 Retrospective A Year to Remember, Victory Dance Time, page-94
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Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $4.053B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.10 | $41.92M | 13.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14000 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 73084 | 7 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |