The results are not very impressive, hence why ZIP was unable to break through that $2.80 support level. Today the bulls got some relief, but in the bigger picture, the company is hardly turning over a NPAT with huge volumes of TTV. In addition, another Founder and ANZ CEO has resigned from his position, sparking some concerns of what is occurring internally. I anticipate it won't be long until another Founder, PG, sells his ZIP units. This recent rally may be the perfect time for PG.
ZIP Price at posting:
$2.71 Sentiment: Sell Disclosure: Not Held
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