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Wizardwiegy

2,184 Posts.

660

30/01/20

08:01

Post #: 42634336
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Originally posted by Launched: ↑

Low $29's was a decent looking short but I've been happy to wait out for a set up like today...

Gap up then pushed up to over 5% at one stage on low volume and no news. Add further dilution (seems like a weekly occurrence) and a stack of $23 shares coming online in a matter of weeks and I'd say today had all the markings of smart money offloading at a premium and setting themselves for the impending decline in sp.

Had to be patient with this one but once again APT delivered on cue (on a Friday).
You guys do know that Friday is the best day to set up retail, right?
Gives the whole weekend to let the euphoria or fear build so that Monday can get an overreaction and thus line the pockets of the professionals.

Hope no one got caught in the Bull Trap today...

Judging by the price action on APT I'd say either today or the next few days will see the peak for the sp for a while. Happy to add to positions if the sp has more ST upside as it won't be for long...

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Low $29's was a decent looking short, high $37's must be a godsend.

APT Price at posting: $37.99 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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