The shorts are eroding your capital.
They are simply rinse and repeating their strategy. Buy $1.60s to $1.80s and close shorts around $1.20s to $1.30s. Easy profit.
Next time they might drive this below $1.
So easy to watch panic selling when management has no positive news. I can't imagine many deals occurring behind closed doors.
If the SP hit $2, I would have been silent all day. Now I am full of life.
Keep cash, it is the safest bet in these turbulent times. Even if this hits $1.50, I'd sell. $1.30 is not far away in this climate (simply buy back and keep some capital).
AFR: RBC says Zip sell-off overdone, page-6
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |