maroonbleeder said:
I don't understand why ZIM is down so much after such a strong earnings report this morning.
opposite reaction, which is pretty typical (earnings, fed, you name it). If you're holding it for a long play, no worries at all (it's still in uptrend). If you want to scalp it (or scalp half and hold the other half), I'd buy down here and sell at top of range (would be around 70 now) or set a trailing stop once it starts running again.
and look at the broader market, it's ****e and ZIM is rock solid (just consolidating now).