I've been reading these threads for the past few weeks, as I've watched APX tumble. For background context, I've been on both sides of crowdsourced data labelling for AI & ML algorithms, as a high cost researcher training the algorithms (customer) and from a data labelling efficiency perspective (vendor) creating training data. Hence, I knew Appen well before their IPO and understand the business model to some extent.
However, I know very little about the ASX or stock trading in general. I'm curious to know how the investors, who are "holding on for dear life" (HODL), are evaluating this stock? Is there much analysis of the underlying product and the impacts to the resources that produce it?
If I was to predict the bottom of this tumble, I'd say $8-9. However there are many factors that influence investor buying (other than assessment of the business model) that I'm not taking into account. I'm curious to know why others are not following the same logic.
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Last
$1.11 |
Change
0.110(11.0%) |
Mkt cap ! $247.5M |
Open | High | Low | Value | Volume |
$1.01 | $1.13 | 99.5¢ | $10.26M | 9.717M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18630 | $1.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.11 | 17368 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 12042 | 1.105 |
11 | 89909 | 1.100 |
5 | 68651 | 1.095 |
8 | 84503 | 1.090 |
5 | 116838 | 1.085 |
Price($) | Vol. | No. |
---|---|---|
1.110 | 279 | 1 |
1.115 | 41243 | 6 |
1.120 | 70056 | 7 |
1.125 | 101042 | 7 |
1.130 | 142911 | 12 |
Last trade - 13.46pm 05/09/2024 (20 minute delay) ? |
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