The Victory Lap for ZIP 2024 Holders (Cont.) - Part 5 of 12
Not Suitable for Shorters.
May 2024: Exaggerated Price Swings Overall Decline – A Test for the True Believers
"Good policy is about doing the hard things and believing in the long-term benefits."
– Paul Keating (1996)
– ZIP Long Holders (2024)
May was, let’s face it, a challenging month with few substantial catalysts. While the month started strong, selling pressure dragged ZIP down to the low of $1.12. A real test of where ZIP stock price was heading.
My Thinking in MayHere’s where my mindset was in May: the price increases had stagnated, and the overall decline seemed unstoppable at the time. My confidence in a $1.50 ZIP by FYE was thoroughly shaken and I had basically abandoned that expectation.
Stay tuned for tomorrow’s exciting installment, where I reflect on just how wrong I was.
Happy Holidays ZIP Long Holders.
(20min delay)