Afterpay Valuation, page-4952

You do need to take into account that Affirm is actually off $42 in 2 weeks - in the interim APT has actually been holding up really well, probably a little too well by the state of today's price action. Just a small re alignment at this point - a break below $125-128 might be a bit of a problem for some insto holdings as they do tend to have Max. drawdown parameters (top to bottom) imposed upon them by their risk departments.