I think @gixxerboy will be switching from "another day another 52 week low" to "another day another all time low".
Nasdaq is at all time high, appen is at all time low. The continued share price weakness, the sudden surge on shortman corresponding with the plunge last monday, the JP morgan substantial holding last friday (they are the biggest shorter), support what I've been saying, shorters have learned some new information last monday.
I see a lot of people comparing appen's MC to revenue, the market knows this yet they continue to sell despite strength in the ASX tech sector. My opinion is don't fight the APX shorters, they are insider traders, they are always right. You can discuss all you want about how undervalued APX is, how much potential it has, how interest rate cuts will make appen go to $10, but these shorters know the company's inner workings.
Lookout for a trading update soon imho.
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 (20min delay)
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Last
$2.44 |
Change
0.310(14.6%) |
Mkt cap ! $617.1M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.49 | $2.13 | $33.32M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23004 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 47763 | 5 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |