I think its the repeated cycle of ups and downs that is hurting share holder confidence, what I mean is this...
Share holder buys at a certain price, z1p makes a positive announcement share price falls or doesn't move any more than it would on a normal days trading, holder says next announcement will be the positive rise im looking for
z1p releases another positive announcement, holder says ok this is the one eg Microsoft deal, nothing happens, share holder starts getting concerned that positive news isn't equalling positive share movement
Happens a third time and then they see a slight drop in price and frustration and lack of belief gets the better of people which leads to greater sales then their should have been. People start saying this share is in quicksand nothing can save it, people's sentiment is ordinary therefore people don't hold for long, on a small price fall they panic and its here we go again with sales. The price fell dramatically when z1p announced Visa and Z1p which was a great announcement. Other companies making announcements of the magnitude of Z1p would see sizeable price rises but not Z1p - Z1p announces partnership with the world's biggest company and we get a few cents.
People selling short play a part but not as much as what people claim. - its always the go to reason people use, z1p drops 15 cents - damn short sellers we hear (although they are the overwhelming minority selling).
Its a good company, very exciting with dynamic growth however it just illustrates that share prices can be influenced more so by herd mentality rather than business performance. People following what others are doing rather than looking at the business performance.
- Forums
- ASX - By Stock
- ZIP
- Zip partners with Ayden
Zip partners with Ayden, page-21
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.85 |
Change
-0.015(0.52%) |
Mkt cap ! $3.747B |
Open | High | Low | Value | Volume |
$2.93 | $2.93 | $2.84 | $14.01M | 4.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 244542 | $2.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.85 | 107707 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 139795 | 2.850 |
25 | 202877 | 2.840 |
27 | 271820 | 2.830 |
36 | 318972 | 2.820 |
22 | 183198 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.860 | 109213 | 36 |
2.870 | 210121 | 19 |
2.880 | 224973 | 25 |
2.890 | 281100 | 18 |
2.900 | 281274 | 17 |
Last trade - 13.33pm 17/10/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online