Why would you buy Zip if it's going bankrupt?Also, place a short...

  1. 9,632 Posts.
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    Why would you buy Zip if it's going bankrupt?
    Also, place a short if you expect 32 cents. The SP will be below $1.10 on Monday. That's over a 30% fall in the matter of a week. Easy gains if you kept your short position open. Holders need to either absorb losses or average down. In my experience it's better to hold and ride it out. Averaging down is dangerous.
    Trump is so short-sighted in my opinion. Let's put tariffs on China and Vietnam and increase the cost of iPhone for Americans. Let the rest of the world get these phones cheaper (Samsung is laughing). Ultimately he's setting the demise of Apple as competitors take their customers. I bet his own party want to get rid of him. If you were buying a phone in the US and it cost too much previously, you'd defect to a more cost effective solution.
 
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(20min delay)
Last
$1.58
Change
0.065(4.30%)
Mkt cap ! $2.056B
Open High Low Value Volume
$1.60 $1.60 $1.54 $29.20M 18.63M

Buyers (Bids)

No. Vol. Price($)
6 104740 $1.57
 

Sellers (Offers)

Price($) Vol. No.
$1.59 118057 11
View Market Depth
Last trade - 16.10pm 23/04/2025 (20 minute delay) ?
ZIP (ASX) Chart
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