I can't believe all the pontificating over Air Trunk
Sure they are a competitor but that's business
I will say again NXT has suffered the same fate as other high growth mid caps just like CAR BAP ACX REA APO to name a few
Funds had to rotate out of the mid cap space into resources and banks the last few months because they were caught with thete pants down on the weighting
Reaf thru those stocks ANN see the disbursals then see them appearing in other sectors
It's great it's allowed me and other investors to get 20 30 40 per cent of great companies doing exactly the same thing earning the same money increasing earnings
If you guys have not been buying NXT at these levels well that's up to you the rotation by funds is close to changing back as miners are white hot S32 BHP RIO FMG have had massive years of the feb lows now coming to a stop soon
So point is air trunk have nothing to do with the fall shorts have just followed in to the rotation out of mid caps when funds come back in they have to cover
If your long NXT from this level and other smashed up mid caps as an investor you will do very well next year
NXT Price at posting:
$2.90 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)