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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Last
$1.20 |
Change
0.000(0.00%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.17 | $6.308M | 5.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 122787 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 46456 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.000 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.21 | $1.17 | 2246470 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| ZIP (ASX) Chart |