Ann: Update on cost management, page-195

Appen is a strong sell at these prices. It's around the price before the google announcement. If there's a positive trading update or takeover incoming, the shorters would know and there should be a rapid decline in short %. However this does not seem to be the case https://www.shortman.com.au/stock?q=apx this goes up to last thursday when APX went up 10%, appen has been going up since 12 Feb so shorters would of had time to react by 15 Feb. For confirmation, still need to wait for next monday as the biggest green day was yesterday and only next monday will the total short % for yesterday show up, there needs to be a sharp drop in short %.

There's no publicly available information that shows a fundamental change in the business to warrant such a big rally, in fact on /r/workonline my impression is trading conditions continue to deteriorate. Unless the shorters confirm there's positive news incoming, this massive rally should be taken as a "every dog has its day" moment, and is driven by short term traders. Appen has done this previously, post the CR May-June last year, went from $1.9 to $4 without fundamentals confirming the huge rally and was sold down heavily afterwards. Sentiment changed to SELL.

Watch shortman, if they don't confirm, this is a very good price to sell.