lets be honest here... nobody can
really predict what price the bottom is or the next highs will be.. you're kidding yourself if you think you do.. plus alot of 52 week lows are caused by market overreaction, same goes with ATHs..
This thing was never meant to go to $14 that early in a short period if time. Will it get there again? maybe! the addressable market is big enough to justify that share price in the future granted the management make the right decisions to make the company grow.
Will this go to 0.50c , 0.80c? probably. who the hell knows, but I'll be loading up because that wouldn't last long just like $14.
Just a disclaimer,
i don't have the ability to short. so the only way for me to profit is to buy stock at discounted prices. I dont have alot of capital either (just over 70k for my entire portfolio) like some people here on HC. Im down 56% on zip but the allocation is small enough that im comfortable not selling and just adding small chunks on the way down.
Chart - Z1P, page-15176
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Last
$2.96 |
Change
-0.060(1.99%) |
Mkt cap ! $3.864B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.00 | $2.91 | $20.97M | 7.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15999 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 99192 | 8 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |