stonks, they haven't been destroyed by large funds, they bought into something that they did not understand but wanted to believe in. Funds did what they do but without them you could argue that the company would have already folded. Now the same fund operators are showing renewed interest for whatever reason, if I was in that position, I would be thanking my lucky stars that the SP has come back. If you still believe that the SP is going to march on because ZIP is going to be profitable, happy days, if not there is a windfall to be had. My opinion is that it is a trading stock only, wild swings are your best friend and the recent monumental % gains are manna from heaven.
As for your own situation, as a holder I would be the same, I would have one eye open 24 hours a day, and I reckon I would crystallise my gains, but if I still had fire in my belly then I would keep my powder dry. IMO the big price movements up and down are looking increasingly likely.
Ann: Becoming a substantial holder, page-17
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |