@TekvestYou do excellently make a point I have made to you perhaps a dozen times. The vitriol of the mass down-rampers on ZIP threads in 2022 was no different to the vitriol of the APT/ZIP pumpers in early 2021. People on APT at $150 similarly making up stories on my trading, despite me happily conceding I'd let APT go far too soon, having held APT from IPO to my last out at a mere $45 (which felt over-valued even there)
As you quite rightly point out.
"You were verbally abused". I was indeed.
That you think I view their abuse at the exuberant BNPL pumped highs, any different to your comments now, at the other end of the silly valuation scale, is funny. ZIP was irrationally over-valued at $10+, just as it is irrationally under-valued at <$1 now. Stop with the attacks Tekvest and I will gladly leave you alone.
That said I am enjoying your trip down memory lane with you reminding me:
"I was called "stupid" on here shorting ZIP at $12. Now I am "stupid" buying it at $0.50. Stupid buying at $0.60 in June last year ahead of the obvious containment of bad debts and stupid selling out before the obvious ASX200 removal. Yawn."
Quite.
And who alas was in these threads last year disparaging me last year with Alpha X, when I was long calls and stock in ZIP ahead of the July trading update when it rallied from $0.50 to $1.50 in three weeks (by when I was well out ahead of ASX200 removal and warned people therin about on here)? You.
Now I will happily concede you were not the worse (bar you blatantly having a bee in your bonnet about ANZ profitability - i literally think you may have misunderstood "APAC" and AlphaX's lies about me, but who knows?) as there were lots of angry down-ramping trolls back then with big short positions. But here you are again, having a go still - and I will always defend myself Tekvest.So lets play your game together Tekky, seeing how infatuated you are with my trading again, despite saying otherwise yesterday. Here I am happily conceding to you and old Alpha X back a little after your....yes.....you guessed it....mocking of my trading admitting my stock position offside:
Now you and Alpha X of course replied with things like failed rocket launches gifs and even little troll Eugene back then joined it (I forgot to be honest).
Its a fun game Tekvest, trolling through (excuse the pun) old posts. Some very poignant comments I made:
Oooh look, here I am again in early July 2022 with more disastrous calls:
"Still a 50 BPS to 75 BPS hike from the Fed to come....Fed has/will crash the stock market and stemmy the economy, and Joe Public will be reliant more than ever on BNPL's in their spending. Many BNPL's will crash with higher bad debts. high costs, tight margins. I suspect ZIP will contain its metrics."
More "disastrous calls" eh Tekky? S&P500 was near 3500 by October. And yep, Joe Public ever more reliant on BNPL's as we now know. And ooh look, more balanced discussion, funnily enough the same negative rhetoric you've spouted for so long on ZIP.
And most importantly, just as I said, ZIP did indeed curtail its bad debts and maintain margins when it announced as much a fortnight later and the stock rallied from $0.50 to over $1.50 in the space of three weeks - and I made a motza on those "call "hand grenades"" Tekvest, that far dwarfed my stock trading gains - contrary to your stories about my poor trading.
I should be more patient with you. You just don't understand options do you? You cannot fathom the explosive change in value, short expiry $0.70 and $0.80 calls on a stock trading <$0.50, 7 weeks to expiry, then trading $1.50, 4 weeks to expiry, would have. To keep it simple for you. The intrinsic value alone in the $0.70 call option goes from zero to $0.80 cents in the space of 3 weeks (the extrinsic "time" value change to complicated to explain)Now my confidence for taking such a cheap very small delta (one of the definitions probability of essentially expiring in the money) upside, short dated calls position that proved so ridiculously lucrative? Well I did discuss a week earlier in a reasonable back and forth discussion with
@tutor, that everyone ignored amongst the din of down-ramping, that it was already obvious ahead of the trading update for those who did their research, that ZIP had stemmed both its worsening debt and business metrics:
Its ironic that you keep trying to portray me as making poor trading positions (Tekvest, I traded thousands of trades systematically in 2022) when one of my absolute best and rare punts of 2022, was buying ZIP calls for pennies that were worth nearly a dollar just 3 weeks later - I happily concede I'd sold out before then, never expecting ZIP to go from <$0.50 to > $1.50 in a month on a trading update. Predicting the results, as the last post shows, was one thing, but knowing how high the stock would go.... What's funny is that any Hot Copper investor paying attention to more adult conversation between Tutor and I could have made similar ridiculous returns if they'd listened and had a bit of options acumen. They were all too busy arguing just in the petty fashion we do now.
(20min delay)