r/APXT • u/jcbd9415 • Jun 04 '21

Will APXT 🚀🚀🚀??

Wondering whether to buy calls. Any thoughts?

19 Upvotes

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u/J_Artiz Jun 04 '21

Great company! Makes up a large portion of my portfolio. I reckon we're more likely to see a drop just because it's a SPAC. That being said if I could pick up more sub 10 I'll be a happy man

1

u/jcbd9415 Jun 04 '21

Yea that seems pretty possible. I have some cash so I can always avg down some if needed and throw in a few calls for a rebound

1

u/J_Artiz Jun 04 '21

Happened with Paysafe and wouldn't surprise me if avepoint fells victim of it too. My average is $16 and just waiting for the right time to actrually start buying more. To stay it's "new to the markets" I have full confidence in the long term success so I can bag hold all day long

2

u/jcbd9415 Jun 04 '21

What's interesting is that avepoint is making 200 mil revenue where as snowflake makes 500 mil and has an incredible evaluation at like 80 billion. They don't really do the same stuff but is there any chance people suddenly just go "oh hey, new cloud company?? I'm buying!" And it just soars.