AI business APX has been a local casualty of a tech stock failing to deliver, we took an aggressive position in mid-November and even that’s now underwater as its peers crushes sentiment across the growth space. However we do believe the next 20% is up for APX and its tempting to average into weakness, not exactly following our “buy quality” mantra but as a short-term 1-3 month foray it feels correct, especially if the tech indices reach our targets and APX can hold the mid $8 region.
MM thinks APX is looking for a low
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