The Victory Lap for ZIP 2024 Holders (Cont.) - Part 6 of 12 Not Suitable for Shorters.
June 2024: "Sell in May and Go Away" Fades ZIP Retraces Lost Ground Excitement Returns
"because I want to do you slowly. There has to be a bit of sport in this for all of us. In the psychological battle stakes, we are stripped down and ready to go. I want to see those ashen-faced performances; I want more of them. I want to be encouraged. I want to see you squirm out of this load of rubbish over a number of months. There will be no easy execution for you" – Paul Keating (1992) – ZIP Long Holders pushing back on the commentary of the shorters (2024)
June saw a resurgent ZIP after the May sell-off concluded. Lows of $1.06 rose up to $1.53 before a small retrace back to $1.45. Confidence returns. It was a great month for ZIP shareholders.
My Thinking in June 2024
Well, I was pretty happy. My re-entry worked, and I scored a few thousand shares range trading. In one-word vindication
Long holders had a great Boxing Day. Tomorrow, we will review July—another great month for holders within a great year.
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