A terrifying 400 points drop on the Nasdaq. What’s worse though is that this time the S&P and DOW also are now showing weakness.
This doesn’t appear to be your garden variety pullback but possibly something much more severe.
How does this effect Z1P? Well now we’re seeing why there hasn’t been any institutional buying to support the share price. I’ll be keeping an eye out for relative strength ie the unlikely situation over coming weeks where Z1P falls less than the rest of the market. This would give a clue to what could happen once the market shores up.
But even then it may not even be a buy due to fundamental questions over the whole BNPL sector.
All IMO but what would I know.
Tech wreck, page-677
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Last
$2.30 |
Change
-0.100(4.17%) |
Mkt cap ! $2.985B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.43 | $2.30 | $30.40M | 12.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 296874 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 4000 | 1 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |