You might well be right. See below latest info coming out of China, a country that's been affected the longest and hardest:
A lot has changed for APT, yet price is still where it was 12 months ago. Any holders of APT make sure you are aware of the retail landscape and don't stick your head in the sand (doing a polarbear).
I still believe APT will come out alright, question is how far will the price fall before it recovers?