The Victory Lap for ZIP Holders
Cont. P7 of 12
(Warning Note Triggering for Shorters)
July 2024: Massive Swings, Massive Upside—ZIP Love Letter to Retail Long Holders in the Oversubscribed SPP
"I used to say in the cabinet room, 'Confidence is not like a can of Popeye spinach—you can't take the top off and swallow it down.' You know, confidence has to be earned."
– Paul Keating (2013)
– ZIP Long Holders (2024)
Wow, what a month! Found some new HC friends, and of course, don't forget the $1.56 SPP in effect long holders got a love letter from ZIP— imagine them as rewards for loyalty in the form of increased allocations for long holders after an oversubscribed insto CR.
Share Price Action
Lows of $1.40, a zig-zag of higher highs and higher lows, and a peak of $1.90.
The SPP $1.56 share capital raising was devoured—and rightly so—by the faithful.
My Thinking July 2024
It was a great month and the risk/reward for the SPP was exceptional.
Long holders, was this the best month of 2024? I know it was hard to beat March from a derisk perspective, but July was certainly exceptional as far as profits.
(20min delay)