Hands up if you are a "Greater Fool", page-60

APT is the "big daddy " of BNPL or the ASX "Poster Child"

Like all BNPL stocks it's running into trouble with its growth projections it's just further along its growth curve than the rest

Its priced for perfection but smart money can see it won't meet it's growth expectations.

Quadpay is growing from a low base as the figures demonstrate it was in severe financial trouble before the Zip merger.

It will face the same growth headwinds as APT but remember commentators were speculating on a $28 share price for Zip based on APT at $150 and Affirm at circa $130 . They have now declined significantly and APT could easily reach $32 equating to $5 for Zip on a peer comparison.

However APT now have approaching $2 billion in cash and the rate Zip are burning through money it's fairly obvious to me they will need further credit raising so the downside is more pronounced for Zip.

Im long APT only on a technical trade as a hedge till I increase my short position in Zip
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im long Affirm $80 calls as a hedge in QQQ puts

i don't expect to be long of APT or Affirm for very long at all.