Hence why it is always wise to turn part of the holding into a profit when things move so fast, preferably liquidate enough to be able to free-carry. However, with cult-like dynamics where everyone be like "$20 next week!!", the rational thinking has left the house. There is a very real chance NVX will not be moving anywhere but down, back to where it was before Covid-era liquidity mania started. People should open their eyes and see that pretty much every ASX and global speculative and meme stock (everything from NVX to VUL and from BRN to GME and AMC) exploded around the same time - in April/May 2020. There is a reason why this happened and the reason is not that all the speculative "growth stocks" suddenly became so promising and successful after decades of CRs and money burning. The reason is simple: unprecedented market intervention by the powers. Of course, everyone will be much wiser in hindsight, but I don't want to come back and say "told you so".
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1 | 9595 | 0.695 |
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Price($) | Vol. | No. |
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0.710 | 10000 | 1 |
0.720 | 85030 | 4 |
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