Nah mate, this is basically a transfer of funds. The vaccine (to my knowledge, and happy to be corrected) will have little to no real impact on APX long term.
This is punters moving their funds away from the tech space in to recover stocks - these are your travel, leisure, retail etc. stocks. All industries that will MASSIVELY benefit from a vaccine. The risk factor on these industries going bankrupt etc, basically disappears with the chance of a vaccine.
Now, this creates two opportunities. The first is that a lot of tech positions are being oversold (i.e. Appen) so, buying opportunities here. The second is that if there's any risk to the vaccine then there will be a risk-off on those recovery stocks, creating a new buying opportunities in those sectors.
APX is a solid company, I bought in just now at $32.07 - lovely jubbly.
TTT
News: APX Australian shares set for biggest weekly loss since April, page-10
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Last
45.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.0¢ | 45.5¢ | $76.49K | 167.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 178798 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 3737 | 5 |
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| Last trade - 13.58pm 10/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |