Nice to see an earnings upgrade amongst all the profit warnings as of late, so congrats to everyone holding.
But be very cautious because in the current market, especially after last night's rout, sentiment is "risk off", gold is rallying strong, so it's decision time imo.
Also it's a shortable stock.
On the bright side, it's looking to gap up strong which will hurt any existing shorts, but may also trigger a wave of new shorts at those prices and close the gap immediately.
As for the medium/long term, I see so many things that could trigger a shock sell off globally, and very few things that could trigger a surprise rally. When the market is in a sell off or crash mode, ask yourself if any company did well before making a decision for your own portfolio.
I'm already re-balancing mine to cash/market-neutral (looking for new shorts).
Take care.
Nice to see an earnings upgrade amongst all the profit warnings...
Add APX (ASX) to my watchlist
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Last
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9900 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 125395 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| APX (ASX) Chart |