This article hits the nail on the head. Afterpay is mentioned but obviously the same applies to Zip.
https://amp.smh.com.au/money/investing/why-much-hyped-growth-stocks-are-so-vulnerable-to-inflation-20210528-p57vyr.html
Throw in the masses of underwater bunnies begging to get out near their buy price, and that’s a recipe for a spiralling share price into oblivion.
Why Z1P’s share price is going to be trashed
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.23 |
Change
0.070(3.24%) |
Mkt cap ! $2.894B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.26 | $2.12 | $39.40M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55449 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 136951 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |