NVA 7.32% 19.0¢ nova minerals limited

Re: NVA $1.00 SP 2021, page-244

  1. 2,038 Posts.
    lightbulb Created with Sketch. 851
    This type of thinking is flawed in my opinion.
    having price targets is simply a desire without any objective fundamental reasoning behind the decision. If an investor is buying on a fundamental decision why on earth would you be selling at a price target? The trend and fundamentals are what matter that's what investors should be basing their decisions on. I realize it's nice to be able to tell your buddies that you got a dollar it's a nice round figure it sounds great but in reality it is not how you should be looking at the price of a stock. For all we know that could be trading at $0.50 or could be trading at $3 in a few years time it depends on the fundamentals and investors with deep pockets will be looking at that. I would urge new investors in the market to think very carefully about this cutting off profits is not a good idea you need to make the big gains. There will be times when investing in stocks does end in a loss. Without these big gains you will never make money. Nova is in a position where some really big returns are possible. Just do not cut your winners short.
    Last edited by Atomic Toad: 01/12/20
 
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