My view is US funds are profit taking before December financial year-end. The fund managers will be locking in profits while they are real, not waiting until mid/late December. Having worked for a major US corp in the past they essentially measure you against the November YTD results. APX has been a big winner ( approx. 100% profit over 12 months) for them so I suspect the game is sell, crystallise profits and bonuses then buy back in and wait for same return over next 12 months.
APX Charts, page-180
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Last
50.5¢ |
Change
0.040(8.60%) |
Mkt cap ! $112.6M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 52.0¢ | 46.5¢ | $1.718M | 3.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 112734 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 4880 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |