Don't believe the fake news U , yesterdays action was necessary to " sucker punch " and weed out all the "loose bowel" holders.
The earning announcement did the trick , a necessary dynamic for a stock that is on an enduring climb up the wall of worry. I took a $109,000 bath yesterday but had and, still have, no intention of selling as I reckon NXL will emerge as one of the ASX's leading companies in the years ahead.
FYI, from Moelis this morning :
Nuix raised to Buy; $6.09 target: Moelis & Company
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Last
$2.41 |
Change
0.060(2.55%) |
Mkt cap ! $793.6M | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.42 | $2.31 | $1.129M | 476.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 19977 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 22904 | 61 |
View Market Depth
| Last trade - 15.40pm 07/08/2025 (20 minute delay) ? |
| NXL (ASX) Chart |