Let's be under no misunderstanding here....stocks like NVX have gone to a mkt cap of over $5bln due to shear weight of money....not fundamentals, and not the EV market.
The more money that pours into ETF's that are industry specific, the more stock those ETF's HAVE to buy...no matter what the price.
NVX is a perfect example, as was APT when it went to $160.
It's not fundamentals, it's the real situation.
Don't bother attacking me...understand how the markets work, and the flow of money.
$12 party, page-58
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $300.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.0¢ | 60.5¢ | $727.4K | 1.176M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 33506 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NVX (ASX) Chart |