”No stock can stay down forever”. Correct. At some point you have to suffer a 100% loss of capital, and that is usually quite woeful because the gung-ho naïve shoot-from-the-hip arrogant ‘investor’ that keeps doubling down and “averaging down”, is the newbie who can usually least afford it. APX being a high risk-low reward loss making ‘penny-stock equivalent’ should currently make up less than 5% of any risk wary investor for the sake of capital preservation.
Think back to Bond, HIH, ABC learning and Allco. They went splat with many people flinging themselves off bridges.
I somehow doubt that Captain Wrong for So Long Calvo and his split personality sidekicks uranium69 and Xagxau abide by that or are remotely within the population that can withstand a 100% capital loss on their sinking investment.
Ann: Appen 2022 Full Year Results, page-202
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Last
$1.10 |
Change
0.190(21.0%) |
Mkt cap ! $244.1M | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | $1.12 | 95.0¢ | $21.82M | 20.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 53102 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 12850 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |