Oct. 16 at 2:25 PM
$APPX To all my loyal followers: The ENTIRE reason for the price drop of
$APP from
$720 to
$570 from September 30 to October 10 was due to the Array controversy? The price drop certainly had NOTHING to do with earnings, because this company continues to outperform Q by Q. The Array controversy was resolved in Q2 25 when the company PULLED the software from all its customers. That means that by the end of June of this year, the Array issue no longer existed. Therefore the short thesis was nullified and the stock was/is now free to continue its upward trajectory. Just LOOK at all the upgrades of the last couple of days: BTIG
$664; Bank of America
$860; Loop Capital
$825; Wells Fargo
$633; RBC Capital Markets
$700; and Goldman Sachs
$630. I'll never understand why if you don't take advantage of this AMAZING buying opportunity. Nuff said.