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
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 (20min delay)
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Last
$1.30 |
Change
0.018(1.36%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.29 | $5.838M | 4.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 146654 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 97179 | 38 |
View Market Depth
| Last trade - 13.52pm 06/05/2024 (20 minute delay) ? |
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Last
$1.30 |
Change
0.018 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.28 | 1330825 | ||
| Last updated 14.12pm 06/05/2024 ? | |||||
| ZIP (ASX) Chart |