The VIX is a contrary "fear" indicator. The lower it goes the closer we are to market tops.
It was circa 14 when the initial market sell off began in February.
The market rewarded APT with an almost $2.5 billion increase in Market Cap on the Tencent announcement.
So what justifies that, why would a trillion dollar company who already has a payment interface in its WeChat facility need to integrate Afterpay.
Spreading the payment is not rocket science and they could easily do it themselves.
It was convenient that Tencent were accumulating for a month and then a joint press statement is released at the same time of discloseable interest, subsequently increasing the value of their investment by several hundred million overnight.
Do you hold any fears of an announcement in the near future of ceasing to be a substantial shareholder.
Do you hold any fears of a trade war with China as Australia is first to point the finger at China over Covid 19.
APT Price at posting:
$37.89 Sentiment: Sell Disclosure: Not Held
