APX 0.99% $2.05 appen limited

time to top up?, page-21

  1. 7,315 Posts.
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    @MrQuick - 'Oh god, the "tree-shaker" accusers are here...'

    Not accusing just wondering. Lots of BOT trades. Also 'someone' bought A$10Mil worth of APX shares yesterday & my guess is that lots of stops got hit just above $6 then under $6 as people locked profits in - & well done to them.

    With such a great run over such a short time lots of people will be happy to take profits & get out. Certainly the SP reached levels that were stretching current fundamentals, so lots of people trading on the momentum & trend, so stops in place.

    The fact remains that 'someone' bought A$10Mil worth of APX yesterday so 'they' must see value at these levels. Not sure if it was a managed 'tree shake' but it sure was 'ripe' for one
    .
 
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