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16:52
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No problem and no need to say sorry . At the end of the day we should be responsible for our hard earned money . Good ppl should be rewarded. Good luck !
Originally posted by bedger
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I went short APT via options today (after years of being long to $40) for a number of reasons. Not least of which was my partner (who is a reformed shopaholic and who knows every boutique sales assistant in Sydney I swear) informing me that the masses of 20/30 somethings shopping are spending money they've taken out of their superannuation funds, according to her 'friends'. Anecdotal of course, but so often a good focus on microeconomics gives insight into macroeconomics. When government hand-outs decline and job losses continue to bite, more and more people will placing budgeting over convenience. APT's price has gotten way ahead of the retail situation in Australia, UK and USA. APT was $40 pre-COVID. If you are telling me in less than 5 months APT's forward earnings have increased across that period, I don't buy it I am afraid...
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Last edited by
mina36 :
03/07/20
