...and here we are - nearly at that $1.40
That went way faster than I thought - no matter though, the plan is the same - at $1.40 it's definitely in the buy zone for another chomp for me
Then in the back of my mind there's always what will happen with ASIC – I can’t seeASIC doing anything to severe and wiping NXL off the face of the planet but I can see ASICwanting to show they have teeth and that they are to be taken seriously.
So I hope, even if a significant fine that NXL can afford, if there is one at all, is handed down - NXL will just pay it! - and in the ensuing drama that will undoubtedly follow the SP that day - that may be the last chance to average down again before NXL takesflight with nothing but blue sky ahead.
....and on that day is $0.75 our worst case scenario?
Just doesn't seem possible from here - and hovering at $1.40 for a short while doesn't seem so bad now does it?
Even the market is optimistic on NXL not dropping much further from this height IMHO.
Sentiment is HOLD but I'm only 12c away from a BUY
Not a prophet, not a analyst, not anything really - please DYOR
(20min delay)