$2 PARTY, page-203

Pure luck getting filled at $0.80 ($0.805 buy order to be precise) on what was a crazy half yearly results trading day...$0.935 close, $0.975 open, $0.99 high back down to a $0.80 close and low. I suspect a few people got too excited on open on the net profit without looking at the one off items.

I did try to point out amongst the 8,000 posts of our resident two or three ZIP court jesters, that the results came in at lower end of expectations by the companies own guidance $29-33million - results in at $29.3), but of course got drowned out by the crap that pervades these threads again:

"FactSet set the average cash earnings forecast at A$29.3 million, just above the lower end of Zip's A$29 million-A$33 million guidance range."

https://www.marketwatch.com/story/zip-swings-to-positive-cash-earnings-as-revenue-rises-29-update-ae09d1c7?ns=prod/accounts-mw


Anyway, mkt/investors now well past that. I've roughly tripled my investment on the same valuation/business strength arguments, that the financial media and investors seem now prepared to accept at $1.29, but wouldn't only in Novemeber, with the stock at $0.30, and am all out after a quadrupling of the stock in four months - should it recede again below $1, I will probably buy back in. Failing that....

GLTAH - the same ZIP business argument strengths still hold, but the valuation ones with just a little less vigour of course.