Once the mainstream press turns all bullish that usually marks...

Once the mainstream press turns all bullish that usually marks the forming of a top.

You need to take the comments from the Tencent strategy officer with a pinch of salt

Do a search on his employment history and that of Essen and Hancock. I worked in the city and there is very much an old boys club.

James Mitchell joined Tencent in 2011. He serves as the Chief Strategy Officer and Senior Executive Vice President. He is responsible for various functions, including strategic planning and implementation, investor relationships, and mergers, acquisitions and investments activity. Prior to joining Tencent, James was a managing director at Goldman Sachs in New York, leading the bank’s communication, media and entertainment research team, which anaylzed Internet, entertainment and media companies globally. James Mitchell received a degree from Oxford University and holds a Chartered Financial Analyst Certification.

David has over 30 years of broad experience in financial services and technology companies. This experience being the Group Head/Exec Director AfterpayTouch where he worked with the founders to build the company from IPO to an ASX Top 100 listed company.

He has held numerous executive/board positions at a variety of leading financial institutions including Commonwealth Bank/Tower Insurance and at JPMorgan where he was a Managing Director with responsibilities in Australia ,New Zealand,Asia and Japan across various operations. David worked at County NatWest which was then acquired by Citibank of which he had numerous roles culminating in becoming Managing Director and Co Head of Investment Banking.

Prior to co-founding Afterpay, Anthony was the Chief Investment Officer at Guinness Peat Group (GPG). He was actively involved in a number of financial services, software and technology companies in which GPG was a major shareholder. Prior to GPG, Anthony was involved in investment banking, specialising in mergers and acquisitions in Australia and the United States.

People are getting all excited by the Tencent deal, but Afterpays technology is not rocket science and it would take a programmer a few hours to modify an existing payment system into split payments and WeChat already has this

What Afterpay are very good at is marketing themselves to "dumb money " who buy an already ridiculously expensive stock on the back of Nasdaq increases or well crafted announcements without really analysing the detail.

Tencent has investments in over 300 Companies in a bit of a scattergun approach. Some will be extremely successful like Epic Games while many will fail.

Obviously Miller will talk up his own book as when they invested in Frontier Developments whose share price increased dramatically on the Tencent Announcement and then fell back to substantially below the pre announcement price

Chinese giant Tencent continues to show its interest in western companies, this time by investing in Planet Coaster and Elite Dangerous studio Frontier Developments.

Tencent has announced the acquisition of a 9 per cent stake in Frontier, which represents a 17.7m investment. For the Cambridge-based studio, this move will facilitate its access to the Chinese market, chief executive David Braben said: Tencent is the market leader in the online games industry in China and operating a premium PC games distribution platform, WeGame. This strategic investment will both help drive our scale up, and improve access and accelerate our growth into the key Chinese market. Tencent will bea powerful partner for Frontier, in what will soon be the world’s largest market for entertainment."

Tencent’s chief strategy officer James Mitchell added: "Frontier’s teams utilise highly scalable game engine technology, decades of development experience, and increasingly sophisticated live operations skills to provide highly-engaged players with complex and beautiful game worlds.

"We believe that gamers in China will become increasingly interested in game genres such as space exploration, theme park management and other segments well-suited to Frontier’s strengths, and look forward to helping Frontier reach those future users."

Its simply not worth shorting this stock untill the NASDAQ reverses which should double top in the next week or so then when the trend reverses APT has many gaps to fill at $30 $22 and $12

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