In hindsight of half a trading day reading people’s responses and market reaction I correct myself that I was optimistic. Clearly the price was trading expecting blockbuster May and June and the price correction should help reverse some of the hubris.
Nonetheless, the market is providing an opportunity to get in at what is clearly a long term story. Today’s 4C makes it painfully obvious.
This is a growth stock and there will always be expectations built in unlike a defensive stock like Woolies. Whether on any given day that market perception will be forward looking (factoring in future growth) or point in time (based on current numbers) will determine price action.
Anyway, I am a Zoono LT shareholder and not the defends lawyer of it’s SP
ZNO Price at posting:
$2.64 Sentiment: Buy Disclosure: Held
