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rifki98

450 Posts.

18

30/05/20

08:01

Post #: 44932929
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Originally posted by Goodfella58: ↑

Bell Potter's Richard Coppleson - an Afterpay shareholder - reckons rises like this are often followed by a fall. He says buying for MSCI inclusion typically lasts for a few days after the changeover, before the sellers hit it. And the sell-off could last a few weeks, he says.

Afterpay shares gained 9 per cent to $48.50 on Monday.

It's just another game around rocks or diamonds payments play Afterpay. It's a game that continues to hit plenty of fundies' hip pockets.

Once the MSCI date passes, it'll be into June, which could also see some peculiar trading. Remember it was in the final two hours of fiscal 2018-19 when Afterpay shares tanked 15 per cent last year.

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Ready to deploy cash to top up then... double profit for capital gain tax next year...

APT Price at posting: $47.41 Sentiment: Hold Disclosure: Held
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0 Great analysis

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