I think an interesting fact is that robinhood investors dont actually care about what does a company do or whats the fundamental of the business.
They rush in because Zip's SP goes up quicker than others. They rush out because SP didnt keep going up as they expected and they want to cut the loss right now.
Not many people care about the macroeconomics condition including fiscal and monetary policy. They just want someone to shout out loud: buy or sell and they follow. No interest whatsoever to study the market or the company.
Thats how exactly 90% of these retail shareholders lose money.
I was so confused why Trump got elected previously and now it makes perfect sense.
Zip and Open Banking (Westpac, Macquarie Bank etc), page-13
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |