ZIP 1.45% $1.70 zip co limited..

$8 Party, page-1325

  1. 593 Posts.
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    You're a funny bear. I can't tell if you are being sarcastic or serious. wink.png

    That analysis is pure pattern replication. Nothing more nothing less. From my very basic experience and new-ish position I think it is very hard for certain to be sure that there will be a dump post report. I'm watching it very closely. There are different variables at play this time around (this and next week) compared to the previous two reporting periods for Zip Co.

    I'm more of a watch out kind of trader now rather than a pure optimist. For example:

    • If NTM/Bad Debt numbers look good this Thursday morning for Zip Co then we should be ok and avoid a dump on that day. However we will also be up against APT's results on the day as well, which most people seem to have forgotten. APT will also release their full year results on the same day/time, if not the afternoon before on Wednesday afternoon after trading closes around 4:15pm.

    • EGM voting will formally produce an appropriate market cap for both Zip+QuadPay and I think if we are already at that number or higher by the time of the EGM then that might force the price back down.

    • The ASX 200 Re-balancing will take about two weeks. On this page it says "Note: Starting March 2016, only one week notice will be given for Quarterly Rebalances in March, June and December. September will keep the two week notice period." This might provide a solid foundation of support where ever we land once that insto-index buying starts to ramp up and will continue for a couple of weeks.

 
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