Zip has hit a net profit at last. Thats always been the goal and yet the share price dropped 33% today. What’s going on? The Markets gone crazy. Shraes that have improved (zip is up 80% in some categories) are dropping 25% .
Its only three months since I was making money on every trade, sometimes in a day or two at $1500 profit a time.
With horses you can see and must see times when there are a heap of bad results all at once but it comes back to long term averges. Not the market. It is partly driven now by AI.
Its likely that Ill be swapping to Investment trusts which return usually 5% to 6% and I have some that are making me as much as 12%
In the meantime the selections have dried up too. All that wet weather and even hot weather. Theres a race at Kingscote today with a $1.75 fav but my analysis shows 3 of the 5 runners have form good enough to win . Those very small fields often produce a longshot winner.
Race 7 at Geraldton is clogged with no hopers 2 wins from 30 or more and even 1 win . Low class race, why bother.
