Despite what some call a great announcement it could not even close above daily resistance let alone weekly or monthly.
In reality is was a "puff piece " announcement full of caveats and if buts and maybe.
At the last quarter arrears were already trending upwards and with pension funds getting smashed here and the USA the wealth effect will be well and truly destroyed.
Consumer discretionary will fall of a cliff and Zips customer base with it.
Given the volume of selling that met retail buying this morning it seems the "puff piece" allowed better shorting opportunities for the big boys who may by back at heavily discounted rates after the results .
ZIP Price at posting:
$1.27 Sentiment: Sell Disclosure: Not Held
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