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19:08
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Originally posted by BkrDzn
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As will all spec stocks, it as case of buy the rumour and sell the fact. Shouldn't be a surprise at all for a sell off. $200m mcap for a couple of satellites up with a whole lot of business and strategy execution risk to go, need to prove a sustainable and profitable business still. Plenty of people trade catalysts, dumping on news/confirmations if they capture the run into it. An effect quite common in resource exploration, and on the ASX more recently with the plethora of tech stocks.
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I agree with your post but please don't compare NUH with underperformers like XPE, THD, NOR, etc. NUH has a proven product that is now selling like crazy and a re-rate is imminent.
