Depends on CVI investments, they will take it there if they do not convert their notes at a higher price.
I see it going to $13-14 first though but Vulture Hedge Funds only tend to swoop in a downtrend
Its still moving in three waves so technically nothing to stop it returning to $1 in the course of time.
Affirm forward guidance was interesting as these BNPL stocks are being priced for exponential growth and while seasonality comes into play it appears the exponential growth is not taking up the seasonal slack.
Did you notice all APT rallies are being sold into now signalling distribution phase of the cycle on that particular stock
Chart - Z1P, page-5039
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Last
$2.89 |
Change
0.170(6.25%) |
Mkt cap ! $3.773B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.92 | $2.75 | $50.19M | 17.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 328775 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 192249 | 9 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |