Australian (ASX) Stock Market Forum

APX - Appen Limited

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Appen has had an interesting journey. I've posted the monthly chart on the left which shows the massive trend higher and the massive trend lower. Are we there yet? Possibly. APX is a casualty of the tech selloff but they've still got a business and no debt.

Price is showing signs of demand and triggered a reversal setup for me (daily chart). Price is now above the lows experienced after their latest disappointing news (Oct 22).

apx0312.PNG
 
Garry Glover recently expressed a bit of emotional excitement, which only reaches a maximum of 1 Candle Watt for him, at the APX blip of positive volume and other chart aspects on Market Finer Points (YouTube). He mentions a buzz over AI from speculators lately and sees APX possibly benefitting.
There's some good momentum divergence showing up on the weekly chart and this week's volume spike was foreshadowed by volume interest a 2-3 months ago.

Held
Probably not averaging down on more APX after galumay's remark about APX heading for obsolescence upset me as he's a sophisticate.

Appen Comments:14.29


weekly chart with 20 week moving average.
big (83).gif
 
finicky said:
Probably not averaging down on more APX after galumay's remark about APX heading for obsolescence upset me as he's a sophisticate.
Click to expand...

LOL! Heaven forbid anyone takes any notice of my waffle. The world is full of businesses I have been exactly wrong about. APX is probably another.
 
galumay said:
LOL! Heaven forbid anyone takes any notice of my waffle. The world is full of businesses I have been exactly wrong about. APX is probably another.
Click to expand...
Mistakes next move perfect. Remember Robert Bruce and the spider. Perseverance wins my friend.
 
“THE MOST UNDERVALUED STOCK EVER”

“THOUSANDS OF THESE POST’S AND MESSAGES HAVE BEEN SENT OUT”



“APX is starting to break out! Next week, this thing will EXPLODE. . . .

“Currently APX is trading for just $2.63! I am expecting to see APX at $5.00 plus VERY SOON!!!”

“Let me explain why. . . .



“HUGE BREAK THROUGHS have been made in the sector of artificial intelligence (ChatGPT), AND APX IS THE NEXT BIG THING IN LANGUAGE INTELLIGENCE and is the market leader in this field.

“It is very possible that APX will see $10, but since I would like to remain very conservative . . . my short-term target price on APX is still $5.00!

“The APX offices are extremely busy. . . . I am hearing that a number of HUGE deals are being worked on. Once we get some news from APX and the word gets out about the company . . . it will take-off to MUCH HIGHER LEVELS!

“I see little risk when purchasing APX at these DIRT-CHEAP PRICES. When APX is making TREMENDOUS PROFITS!!!”
 
:D :D :D :D

THE FUNNIEST THREAD START EVER!

It's going to the moon I tell you!

Back up the train ? it's a rocket ship!!!! ? Toot toot.

I assume this is Appen, which has it's own thread somewhere.

The chart certainly looks good to me. Lot's of momentum, breaking support, hitting all time lows. Technically, this is a sure thing. I'm IN!!

Screenshot 2023-03-20 at 8.27.44 am.png


Just thought I'd leave this up for a few minutes for a laugh.
 
Pennywise7 said:
“THE MOST UNDERVALUED STOCK EVER”

“THOUSANDS OF THESE POST’S AND MESSAGES HAVE BEEN SENT OUT”



“APX is starting to break out! Next week, this thing will EXPLODE. . . .

“Currently APX is trading for just $2.63! I am expecting to see APX at $5.00 plus VERY SOON!!!”

“Let me explain why. . . .



“HUGE BREAK THROUGHS have been made in the sector of artificial intelligence (ChatGPT), AND APX IS THE NEXT BIG THING IN LANGUAGE INTELLIGENCE and is the market leader in this field.

“It is very possible that APX will see $10, but since I would like to remain very conservative . . . my short-term target price on APX is still $5.00!

“The APX offices are extremely busy. . . . I am hearing that a number of HUGE deals are being worked on. Once we get some news from APX and the word gets out about the company . . . it will take-off to MUCH HIGHER LEVELS!

“I see little risk when purchasing APX at these DIRT-CHEAP PRICES. When APX is making TREMENDOUS PROFITS!!!”
Click to expand...
Depends on what you call good value. It's declined by 95% since August 2020. Barge & Pole come to mind.
 
Pennywise7 said:
It is very possible that APX will see $10
Click to expand...
Great! I can count on 2/3rds of my cost back then.
A.I is a buzz term but Appen playng a mission critical role is being dismissed by some astute commentators.
The big companies using Appen's manually compiled 'data sets' might be evolving their own 'machine learning' methods.
Pbly talking to a machine anyway.
 
Dona Ferentes said:
A wonderful way to start a new week.

(but why is the poster SHOUTING?)
Click to expand...
the excitement of posting the identical post on at least one other forum perhaps ?? ( with a different username )

will be interesting to see if this raises attention on that stock ( by the ASX and ASIC )

exhibit A

Hopkins​

3 hrs

“THE MOST UNDERVALUED STOCK EVER”
“THOUSANDS OF THESE POST’S AND MESSAGES HAVE BEEN SENT OUT”
“APX is starting to break out! Next week, this thing will EXPLODE. . . .
“Currently APX is trading for just $2.63! I am expecting to see APX at $5.00 plus VERY SOON!!!”
“Let me explain why. . . .
“HUGE BREAK THROUGHS have been made in the sector of artificial intelligence (ChatGPT), AND APX IS THE NEXT BIG THING IN LANGUAGE INTELLIGENCE and is the market leader in this field.
“It is very possible that APX will see $10, but since I would like to remain very conservative . . . my short-term target price on APX is still $5.00!
“The APX offices are extremely busy. . . . I am hearing that a number of HUGE deals are being worked on. Once we get some news from APX and the word gets out about the company . . . it will take-off to MUCH HIGHER LEVELS!
“I see little risk when purchasing APX at these DIRT-CHEAP PRICES. When APX is making TREMENDOUS PROFITS!!!”


i do note that Commsec ( as inaccurate as it may be ) has the EPS at -$2.837

and

net interest cover at -290.90
 
Sean K said:
IT'S A SURE THING, DONA!!! BACK UP THE TRUCK. SELL YOUR GRANDMA AND PUT IT ON APX.
Click to expand...
it certainly reminds me of my early days in investing ... those 'exciting ' shares like CDU , and LNC back in 2011 and 2012

sure to be an educational share , will be watching for the hints of a capital raising
 
is now up half a cent

however it will be interesting to see the week's trading activity , after this little promotional campaign ( will be looking for 'speeding tickets' as well )
 
divs4ever said:
is now up half a cent

however it will be interesting to see the week's trading activity , after this little promotional campaign ( will be looking for 'speeding tickets' as well )
Click to expand...
Let's keep an eye on this booming minnow...what are the odds of a capital raising within 30days?
 

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