Z1P
There are differences between Z1P and APT but both operate nearly the same way. And both have been doing well with turnover rising rapidly. Z1P is much smaller. So when APT is rocketing away, then the best tech to buy at the moment is Z1P when it hasn't been very recently. I have been topping up 3 times in the last 2 days...
posted by Club Mulgoa @ 11:51 PM
2 Comments:
APT is flying away with a rocket booster under its share price. Because it is big enough to enter into ASX indices, fund managers had been caught short of it. Because Z1P is in the same line of business, I could not believe that the market was leaving it behind. Its recent market announcement suggested that it is keeping pace with APT.
I topped up but it still won't rise... until today! Net up 14% over two weeks; I am happy. Felt silly initially when I bought it for the first time, knowing its share price is already heavily inflated (very high PE ratio).
Within 2 weeks, ZIP has increased by more than 17%. The logic is so simple.
If both A and Z are selling the same thing, A has a much bigger stall and both are doing a roaring trade, then, if the value of A has escalated but Z has only gone up a little (and both are expected to continue to do well), which stock would you buy?
Of course, they are other considerations. But today, A came down and Z went up! I don't think you need to be an experienced fund manager to decide.
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