True. UBS did say that. Do you reckon that they had a vested interest in suggesting that by any chance??? When they put that valuation out, the share price of APT was more than twice that value. Do you think UBS was in advanced possession of knowledge of a coronavirus share market melt down? Of course not!!! Brokers can, and do, say anything they wish if they have an interest in you believing them and acting accordingly. They looked pretty stupid on that valuation, for many many months.
Brokers serve their own interests and that of their own clientele, that is all. Right now this market is swamped by excessive fear. The problem with selling at a loss, is knowing just when to buy back in again. It will turn back as swiftly as it dived down as Greed will then take over. Both these sentiments drive the market.
Remember, there are others who find Fear periods in the market to be occasions for buying or, at least, holding on.
(3 minutes not time enough to modify attached post).
APT Chart, page-770
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