You comparison, although good, is off the mark. You are comparing ZIP to what is was back in Feb 2020 and not where it is now, Sept 2020... Yeah sure the NASDAQ has a major influence over the tech stocks here in Australia, but if ZIP had done absolutely nothing and stayed where it was before COVID-19 crash, you'd be accurate in your predictions and analysis.
ZIP is currently in a 10x better position than what it was AND is still improving with their globalisation of the market. Will the shares go up and down? of course it will.. but based on actual facts now and what we know ZIP is achieving, the only way it will go back to under $5 a share is if they can't deliver on their 'world domination' aspirations...
They don't even need to be #1 in the market to increase their SP to around $20. Based on their current figures and comparing with other players in the sector, it is currently undervalued. If they keep their current trajectory it will be less than 2yrs when they will start making a profit on their current model, and that's not taking into consideration any other big ideas they have coming (which I have read are definitely coming!)
For any long term holder, you have hit the gold mine with ZIP. Baring any unforeseen craziness, ZIP will increase month on month and post Christmas, be looking back at this price and glad you got in... Short term traders - sure, you can make an easy 50c - $1 trading week on week, but ultimately you'll get left behind.
If you are going to do research, do it accurately with facts and correct figures (this isn't pointed at you
@Goodfella58 - just general advice). Any investor should do this before trading. You need to know what company you are investing in and unfortunately, most just jump on a bandwagon without any prior knowledge or research... For me and my research, ZIP is solid and will be $10+ before we know it...
Last point - I read and discussed something big yesterday with people 'in the know' on what ZIP are looking to do! (I think
@AJ7 and I must have similar contacts lol..). I saw the screenshot convo shared here by AJ7 and tbh, that is minor compared to what is coming for ZIP. Again, feel free to come back to me in a month or two time and say I was wrong! I wasn't wrong last time I made a prediction
(20min delay)