The ASX is ruled by traders who short sell a stock with the aim of making a quick buck. I suspect API will follow a similar path as SPO. When API release their results, the stock will recover just like SPO did. Mum and dad investors will panic and sell as API's share price falls, playing into the hands of the short sellers who will buy API's shares at a ridiculous low price and will make money again on the way back up.
The game we play is in working out how low the short sellers will take the price. Any guesses??
API Price at posting:
$1.71 Sentiment: None Disclosure: Held