I trade Zip almost every day. I've been clear about this for ages now. I've never seen you post here so I get why you don't realise this yet.
I had long term holdings and trading stock until around $2.30 when I switched to just 100% trading. Very profitable trading the swings up to the mid $3s but now the looming RBA rules have caused me to switch to INTRA-DAY trades only. Zip moves heaps intra-day and I enjoy the moves it makes.
Hope that clears it up for you. Just a trader loving the daily up/down moves
When Zip hits my target of $1.90 to $2.20 (even without RBA news), then I will nibble and add some longer term holds. Will add more when the RBA and/or quarterly updates disappoint and take this down to low $1s.
p.s If there were any takeover talks or hints, Larry would not have sold $100M. Nobody is interested in Zip who are not growing active customers and with RBA about to smash the share price. I think potential takeover AFTER RBA smashed the stock back down under $2.
ZIP Price at posting:
$3.04 Sentiment: None Disclosure: Not Held
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