As per my previous post above APT is a high beta stock as proxy for the broader Market particularly the NASDAQ.
It attracts gamblers and speculators so when Nasdaq rises APT makes an exaggerated move north and Vice Versa.
Because the stock is in "weak hands".and the rally from 23 Rd March has been breathless APT has not built any base on the way up so a 40 per cent decline in Nasdaq will lead to much larger sell off in APT
Nasdaq will probably take out March 23 lows so as APT is so grossly overpriced I expect it to trade down to $4 at a minimum.
Nasdaq will retrace some if not all of this sell off and APT will bounce with it
APT Price at posting:
$29.14 Sentiment: Sell Disclosure: Not Held
