Nothing changes. Those who sell from this announcement is worth the price drop IF there is one. This may be a good opportunity to filter out the non committed "weak hands" and allow a buying opportunity for those who are more fundamentally and committed investors. Thus, a more healthy and stable Z1P investor/trader collective.
IMO it is worth losing people whose judgement of their investment within this company is driven by irrationality and emotion rather than rational thinking. People who sell from this announcement is saying that this "speeding ticket" outweighs the potential of Z1P and it's near to long term projection.
This very announcement is just an acknowledgement and reflection of investor confidence towards Z1P as of recent due to the immense potential and projection Z1P has in the near and long term. Selling this announcement would be selling against the very reasons why they/the market are bullish.
Hopefully these "weak hands" don't burn themselves by rebuying at a much higher price due to fear of missing out. But on the other hand, that would also contribute to the stock price rising.
In saying all this, I still believe that this stock is extremely bullish even with this announcement due to what's anticipated and the change in sentiment as of late compared to the past. Z1P is finally in new stock price and sentiment territory and it is long overdue.
Fundamentals prevails.
IMHO.
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Open | High | Low | Value | Volume |
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---|---|---|
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20 | 152575 | 2.840 |
24 | 511317 | 2.830 |
35 | 292714 | 2.820 |
13 | 172266 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.860 | 200 | 1 |
2.870 | 50529 | 6 |
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