Market not looking at NOV as a non profitable BNPL otherwise SP would be up 10%+ same as BNPL today. It got played & stop losses were triggered during the market sell off. Sentiment is low & the NOV boat is grounded stuck in a dry lake. Tide is coming in now so only a matter of time until the boat floats off the bottom.
The market is confused with NOV. When banking licence is issued there will be no confusion & it will be compared to JDO.
In the meantime will require a positive announcement to boost sentiment & get the SP moving.
20 cent party, page-115
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