I sincerely wish for the sake of holders that Nxl turns around, I think it will gain 100% May be from $3 to $6 or $2.5 to $5 or may be $1 to $2 and that’s the max of MC, I can think off unless management posts a 100% upgrade in guidance.
At this point, I am less confident on this management, how terrible a ceo could be to buy at $5 and post a downgrade after a month.
Zip & apt Covid winners and they way Market is punishing Covid winners, I think zip & apt will go back to ore Covid levels.
apart from many small fundamental hit on tech sector, one major hit is Trump absence, techs were pumped hard in last 5 years mainly due to Trump vision to see stock market flying through Fed.
I can’t even begin to explain how freakishly techs are over bought in US. See the long the term trend of techs since dot com bubble to Covid bubble.
Techs gained traction since 2013 when Trump took over and finally now retracing & imo retracement hasn’t even properly started yet.
NXL Price at posting:
$3.37 Sentiment: Hold Disclosure: Not Held
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