Wasn’t saying you made the assumptions, was just pointing out that those are common assumptions made when people discuss the ‘Appen turnaround’. Personally I think they will stagnate for a long while in this high interest rate epoch. That being said I can appreciate that the upside risk is great, but the downside risk is increasing despite what people say - it is heading into the domain of the penny stock - more easily manipulated and small absolute dollar value changes amount to huge percentage losses.
Personally I see it heading downhill a little bit more, when it reaches $2.20, perhaps I’ll take a small punt.
$4 party!, page-64
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50.5¢ |
Change
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