The simple fact after all this argy-bargy that APT is here,...

First 50 Last

Share
Profile

Follow
RWEmerson

2,505 Posts.

36

20/07/18

15:28

Post #: 34480782
Share

Originally posted by chrisy ↑

From what I've been noticing in the last two days, it seems that the more Afterpay succeeds, the more people become aware of it...

... with those who have recently become aware of the platform tending to level the same unoriginal criticisms of the platform. They cite that it's not only the exploitation of children / underage / teenagers, but that the the valuation is at "crazy" P/Es and the business model is somehow analogous to credit cards etc (and therefore will be penalised by the royal commission or ASIC?!).

All of these criticisms have been done to death and have already been categorically refuted again and again - and yet the media still picks it up.

Long-term holders need to ride out the short term negativity (like the headlines this morning on the Sydney Morning Herald) and keep the course in its time of glory - catching on like wildfire in the United States.

Expand

The simple fact after all this argy-bargy that APT is here, it'll get bigger - as they say: deal with it.

It is no exaggeration that APT quite possibly could became an entity like PayPal.

I am a trader, have taken really nice profits on APT since the days it was around $3 and now I still have a bit of a stake and will buy back on a good pull-back that is inevitable after a run-up like this.

And just because APT is Australian, it doesn't mean that it can't become a world-beater, like CSL or BHP or Atlassian, etc.

I am long on APT and (very) long on NEA.

Have a good weekend all!

APT Price at posting: $14.20 Sentiment: Hold Disclosure: Held
11 Upvote

1 Great analysis

Reply