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You could be right... But it's up 30% today.

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Mr-AM

213 Posts.

34

24/03/20

13:08

Post #: 43667830
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Originally posted by Bobspongo: ↑

Maybe - it was $40.50 on 19 February and now it is $8.90 (down $32) so it only has another $4.90 to go. I don't hold the stock, have in the past (in at $19 and out at $30), but think it has a good value proposition s a business.

On the other hand, this is the start of a very very ugly period on the stock market so my view is buying anything at the moment is madness. With only 7 dead in there is a long long way to go for this disaster to play out in Australia.

On 19 February there were zero coronavirus deaths in Italy. The cumulative total as at yesterday was 5476. Australia is on roughly on the same trajectory so in 5 weeks' time things will be somewhat worse than today.

What is absolutely certain is virologists can't come up with a vaccine in 5 weeks and there will be a ton more unemployed people in Australia in that time. People aren't buying discretionary items using APT when they need to pay rent and food.

I don't come on these forums to down ramp but the idea that this is going to pass in days, weeks or months is, in my opinion, delusional. With that in mind APT is going to continue to take a lot of heat.

BTW - only down 28.5% today...

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You could be right... But it's up 30% today.

APT Price at posting: $11.61 Sentiment: Buy Disclosure: Held
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