Heavily shorted by speculators
$ZIM Integrated Shipping (ZIM.US)$ that is because people are shorting this share. i will not sell just let it drops as low as it wants im not averaging it as it is bottomless .
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QMengColdJoke : They sell and short shipping stock for recession play. I’ll keep loading when I see support. Bad news is many ships built 2020 and 2021 are deployed. Good news is, there are just not enough sailors especially officers. For recession, people don’t understand that companies in high interest rate hike area (europe, north america) will bankrupt, however companies in low interest rate hike area will survive (Japan, third world). Then recession countries will be forced to buy even more from booming countries. So shipping demand will instead increasing
lightfoot : I don't understand how a company can control the price of it's stock. Zim reduced the share price by 2.95 after x date. Been going down hill everysince
How can they do that?
cockNTail : They forgot about game stop. maybe they need a lesson again. But as long as the balance sheet shows a profit it will bounce back. short squeeze in the mix. bullish whales are looking.