Affirm was up on a short squeeze after broker upgrade and will probably start giving back those gains within a day or so.
The short interest was only just over one days to cover so most of them have been squeezed and momentum traders jumping on the rise will sell on the first sign of weakness.
Could see additional buying on Monday but nothing has changed in fundamental view on loss making stocks trading at ridiculous multiples and in respect of Zip any rises will be sold into after a day or so
bottom is in, page-49
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Last
$1.77 |
Change
-0.060(3.29%) |
Mkt cap ! $2.310B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.77 | $1.73 | $8.625M | 4.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 108138 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 33636 | 14 |
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| Last trade - 10.37am 25/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |