People will want to keep their standard of living and due to the higher costs of food and energy they will struggle to pay for birthday/Christmas presents etc..
I have been on the fence about buying into ZIP due to fear of them going into administration.
However after the last quarterly report I am now confident that their cost control measures and revolving credit facility is adequate to reset and take advantage of this new environment we are in.
IMO I see this being a multi-week runner, lots of traders will scalp and take their 5% however I am very confident this will bring home multiple bags from here. (Not Ramping)
Not financial advice
DYOR
The Great Theo has spoken
People will want to keep their standard of living and due to the...
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Last
$1.34 |
Change
0.030(2.29%) |
Mkt cap ! $1.504B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.39 | $1.33 | $16.27M | 11.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 215573 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 10912 | 2 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.35 |
Change
0.030 ( 3.48 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.39 | $1.34 | 2373904 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| ZIP (ASX) Chart |