Purchase of APX

Monday 7 September Today I bought some shares in Appen Ltd (APX, price 90¢, mkt cap $87m) at 90¢. APX is a software company producing voice activated systems. Guidance for CY15 is for EBITDA of $9.6-11.2m on revenue of $68-76m based on an A$ at US73¢. The decision to buy was based primarily on the chart.

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