BNPL heavyweight Z1P has been on a rollercoaster ride in 2021 having already endured 17% and 32% pullbacks, while this is undoubtedly a quality growth stock the sector is getting the “feel” of a bubble with major growth / revenue already built into today’s prices. Similar to a number of stocks / indices mentioned earlier MM is starting to feel that Z1P is becoming a trading vehicle which can be sold ~$14 and bought under $10.
MM will reconsider its Z1P position into strength.
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