The reality is, it's massively over priced on the current value.
A ton of investors who thought stocks only ever go up have shit the bed and got out.
That's had a knock on of further panic selling and stop loss kicking.
I think this stock could go down to the $4s, but it seems to be a good business and a long with APT probably the only 2 mainstream BNPL in australia. They need to grow agressively and sustainably overseas and this will be a good long terms stock with some good run way.
But it's moving from quick earner to long term investment.
I've held and sold Z1p twice now.
I would buy again if it hits the 4s, but I think more than likely it will plateau in the 5s before going back up again and me watching from the sidelines
Z1P Price at posting:
$6.07 Sentiment: Hold Disclosure: Not Held
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