Just to be clear I am NOT saying never sell. If APX went to $40 bucks tomorrow, too right I'd be selling. I have to be confident enough that the stock is overpriced and I can buy back in at a lower price that makes it worth it after tax implications.
Do I think Appen is overpriced? No.
Do I think it will pull back? Possibly, potentially even likely but equally as likely it will not.
Therefore, is there any other reason to sell? Is my investment thesis broken? No. I think this company will be still banging out great returns in 5 maybe 10 years time and the dividend on my original investment will be feeding me a great little bit of pocket money to go invest in the next potential 10 bagger. Importantly, would I buy now with a long term view if I did not already have a large holding in my pf? YES.
NOT INVESTMENT ADVICE
Ann: Full Year Earnings Upgrade, page-233
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.61 |
Change
0.050(1.95%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.58 | $14.31M | 5.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 80635 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 40730 | 11 |
View Market Depth
| Last trade - 14.40pm 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
