Nasdaq is down 0.72% which means tech shares like Z1P are bound to follow.
What I 'think' will happen today: Zip will continue into the red, how much I don't know.
Report day for Z1P is Thursday next week. Possible news is new American investors and possible US listing.
But this potential news was already 'priced' in when the share price rose to $14.50 on speculation of this happening.
My theory, and something I'm putting money on: The news on Thursday will confirm new US investors and a US listing.
Confirmation of this news will see Z1P's share price reach $14.50 again, this time on the back of solid news and not speculation.
Winner winner chicken dinner!
Of course my plan could fail spectacularly, Z1P could release a report that does not live up to the hype and the share price could fall.
Which would be crap in the short term. However, long term still looks pretty sweet.
So today is an opportunity to top up!
All my (novice) opinion, DYOR, GLTAH.
Daily Price Movement / General Discussion, page-1870
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Last
$1.85 |
Change
0.070(3.94%) |
Mkt cap ! $2.335B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.91 | $1.80 | $45.22M | 24.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 211147 | 7 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |