So many market darlings / sectors over the years do the same thing over and over on the ASX. Pump for a year or two, then an epic downtrend for months/years with bull cult members praying and hoping to regain the old highs again.
I/O, Lithium, Milk, Pizza, travel, Telcos, Vitamins, etc.... all the hottest ASX stock until they're not.
There's always a theme/pump each year or two. Zip was #1 stock on the ASX last year. This was always coming.
ZIP Price at posting:
$2.45 Sentiment: None Disclosure: Not Held
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