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BaulklikeGresh

4,122 Posts.

994

09/10/19

08:10

Post #: 40785365
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Originally posted by Karcus: ↑

I would suggest don’t trade on the concern of competition unless you actually see real evidence that that competition is actually hurting apt.

Why?

Because it’s not just about first mover advantage, it’s about superior product and service . To my mind both the customers and the retailers prefer the simplicity as well as the actual logistics of the platform of how apt works. But mainly the customers. Until you hear millennials saying “Just Sezzle it,” as opposed to “Just afterpay it” my very strong advice is don’t double guess yourself and jump at shadows.

Also, especially as the US and now the UK are accelerating exponentially, you would want to see a psychiatrist if considering reducing or selling out now.

Consider a recent report that showed that the first Australians using this 3 years ago are today using it 20x more after 3 years of getting used to it, and more merchants being available. Take that thought to the current US citizens starting to discover it. We’re all excited about those million US customers spending up now, imagine each of them using it 20x more in 3 years time as they get used to it and more merchants come on board, as well as the fact 20 million US customers will be on board in 3 years, and probably 50 million a few years later! Then the UK. Then Europe!

Apt went from $7 to $5, then it went from $21 to $11, then it went from $28 to $21.

At no stage did the story change. Small white noise such as Austrac and competitors, but nothing fundamental.

Who cares if this goes to $26 before it goes to $50. Which it may or may not. It’s as equally likely to go from current $34 to $45 before the next correction. Personally I don’t give a rats a$&#e !

Only sell when the story changes. A retailer offering numerous options is irrelevant. What option the majority of consumers are using is relevant.

Never ever sell a stock due to competition. Sell a stock only if the competition is better, and executing properly.

Have you seen a better option than apt?

(Ps: as I’ve posted numerous times never take profits along the way if a quality stock. Only take profits if the growth story has become more risky. apt story has never become more risky, only less risky so far)

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Unfortunately if no one sold, here would not be a market for buyers. Lol
Thank God for day traders, shorters, and managed funds.

APT Price at posting: $34.65 Sentiment: Buy Disclosure: Held
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