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
Just to be clear I am NOT saying never sell. If APX went to $40...
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Last
$2.67 |
Change
0.110(4.30%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.60 | $8.353M | 3.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 12438 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 6834 | 4 |
View Market Depth
| Last trade - 11.00am 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
