Keeping emotions aside, Appen was a good volatile stock to trade both ways, and people should have made money with common sense.
I have enjoyed the ride for both Long (30c to 60c) and Short ($1.10 to $0.77) CFD at right times and had good fun ! LOVED the stock and support here.
Just coming back to our original discussion about naïve valuation arguments...
Tech stock valuation is based on future earning prediction (always based on past and current performance)
P.S. At 40 cents, I will start supporting bullish view on APPEN (once they stabilised and show some growth and if it will still around after another CR). Tech gambling and people's short memory always makes such rides worthy.
https://sacra.com/c/scale-ai/
Appen ----- going negative 30% 2022 - 2024 !
APX Charts, page-563
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 (20min delay)
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Last
$2.03 |
Change
0.070(3.57%) |
Mkt cap ! $455.3M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.15 | $1.98 | $12.27M | 5.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 134213 | 4 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |