First bought 2,000 of these at around $3. Added 200 more...

First bought 2,000 of these at around $3. Added 200 more recently at 20.20 when it was oversold.

nice to see the upgrade come through and vindicate those of us who have held tight and accumulated whenever it pulls back.

im way overweight this one, but I have also been way overweight on asx companies like csl, mqg, apt, xro, sto and fnp over recent years and have learnt not to reduce just to rebalance an overweight position, because those companies that outperform usually continue to outperform even though they distort your portfolio in the process.

i won’t be selling any of these babies any time soon. The outlook is strong for the company, which puts them in an attractive position compared to most of the other Waac and growth/ tech stocks on the asx which are either already on very stretched valuations (aly & xro) or are facing market doubts (apt & wtc).

congrats to the apx team on continuing to execute their strategy consistently over a period of the last 4-5 years. This consistent execution has resulted in rapid organic top and bottom line growth, margin expansion, low debt, clever and disciplined value accretive acquisitions and a long term ambitious vision as a global market leader.

this makes them extremely valuable to growth oriented fund managers as they tick all the boxes, including now in the past 1-2 years 2 key things:
1) a track record over 3 years of eps growth
2) a large enough market cap with adequate liquidity for the funds to be able to invest.

I agree with earlier posters, that the sp will continue to nudge higher over the next few months due to:
1) broker upgrades over the next few days/ wks
2) fund accumulation (it takes them time to slowly accumulate)
3) any foolish shorters exiting
4) fomo buying
5) momentum trader buying based the chart which looks bullish for a trend reversal and retest of previous highs
6) etf / passive buying which forces the etf’s to buy more as the market cap expands, thus creating a delayed feedback loop that exaggerates all sudden price movements.

So let the good times roll on.