Media Watch - NVX related, page-4733

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Burty85

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04/12/21

11:24

Post #: 58070547
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Originally posted by violetmoon8: ↑

I am still processing what happened yesterday. I think yesterday was an unfortunate combination of multiple factors but explainable, and in the end would work for us.

1. Liquidity requirement of ASX 200

I look into the ASX 200 inclusion rule and found that the liquidity requirement of a minimum of 50%. Everybody knows that NVX's proportion of float shares is small. 65% of total shares were in the hand of insiders and institutional investors. Even retail investors are super-sized. We are smart money.

Yesterday, the company, and its large holders may have to release some of the shares to increase the liquidity to be included in the index. And they are allowed to trade their shares only within a trading window set by the company's trading rule. You may remember this was set up after BD last year.

2. Big shorts would not lose this opportunity and took synchronised actions (example: AFR article). I am waiting for the update of ASIC data on yesterday's shorts, which should be released midday next Monday.

3. Unfortunate timing of Elon's request for tariff exemption on Chinese synthetic graphite, which will actually work in favor of us in the end, because his request would not be accepted by Biden administration and it only alerts the world how much synthetic graphite is critical and in high demand.

4. And the almost uninterrupted run over the last 4 months, which attracted a lot of weak hands.

Even some of the shorters are now changed and convinced. They had constantly annoyed us but at least were in the conversation with us throughout the course of last couple of months, unlike those trolls who came out of nowhere yesterday. They would go away or stay longer, I don't know. Still, I interpret it as a very positive sign.

I have 75% of my portfolio in NVX, so yesterday was very hurtful but now I stand again and find extra money to put more in NVX. That's just me. Not recommend to anyone.

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How funny would it be if POTUS turns around and says, why, Novonix is scaling, buy their graphite haha.

NVX Price at posting: $8.21 Sentiment: Buy Disclosure: Held
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