MM thoughts on Zip

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Question asked 31/01/2021

MM thoughts on Zip

“Hi James and Harry. Following on from my email last week , Zip did hit your initial target of $8 following their impressive report . In fact early Friday they hit 8.48 and sadly quickly retreated as is customary with ZIP, closing at $7.23. A massive turnaround in anyone’s book. Your Friday morning report on ZIP did indicate a further 10% increase from Thursday’s close with potential more upside. Interestingly though you did not have an opinion or comment on ZIPs huge rise and fall in early Friday trade, ultimately closing 16 cents lower from Thursday closing price. If you can let us know your view on this it will be appreciated.” - Thanks and kind regards Errol K.

Answer

Morning Errol,

Sorry if I didn’t make myself clear through the week while Z1P remains cheap in our opinion compared to its peers like Afterpay (APT) we will give our position some room but as you say it has frustrated before, lets hope our backing is not misplaced this time.

ZIP

MM is bullish Z1P

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Zip Co (Z1P)

LAST UPDATED 25/01/2021 16:23

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