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Last edited 3 years ago
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#Is it over for Appen?
stale
Added 3 years ago

Many are saying it's over for Appen, I don't care I'm a holder.

Several points/view on the overall Market/Economy and investor sentiment:

1. Rotation out of growth will be short lived

2. People chasing cyclicals after significant moves (are late and will probably get punished.)

3. It will only take confirmation that rates are staying low for the next few years to spark a buying frenzy in growth.

4. I don't see the point investing in any single stock that's returns/growth prospects are less than an index fund @ 10%~ P/A (this is time tested)

5. You can't look around for people to hold your hand and tell you everything is going to be ok in markets.

6. I believe we're heading into a massive Metals Boom and Australia as a whole will do very well out of this with our Nickel/Lithium and Rare Earth projects.

#Bull Case
stale
Added 3 years ago

A massive over reaction here, It's times like these that seperate the sheep from the shepherds. When just about everybody is convinced something is not right they're usually spectacularly wrong, I assume this will be no different. I have continued to avg down on this in my real port without any hesitation.

#Bull Case
stale
Added 3 years ago

Still can't believe how cheap this stock has become sitting around $15~ now I will probably end up adding more to my real portfolio, I think many are misunderstanding this business as a whole and it's opportunity. So AI/Machine and deep learning is a clear mega trend at the early stages of it's S curve and you can see many companies are using these buzz words in their bios and what not to attract investors. Appen provides the data to train/make AI possible, why is this important? Because it's the backbone of getting AI to a level where it's actually usable in real world applications. For AI to exist it needs to have something to learn from so it can recognize what it is whether it's speech/audio/image and then the more it sees the same thing it's able to understand it (this is only achieved with large amounts of data). Appen is clearly a leader in this field and another big S curve lining up with AI is EVs the 2 will go hand in hand. Appen will be an integral part in the EV world with speech and lidar involvement, I remain extremely bullish on this and $100~ price target is a conservative view I'm taking for the long term.

#Bull Case
stale
Added 3 years ago

Buy the blood!, This company is not going anywhere and is part of a larger macro trend being machine learning/AI which will grow significantly long term time to scale in.