Nxt and acx have been darlings and are both getting whacked by sentiment towards growth at present. No real reason for significant drop other than value recheck by the market.
IMO both of these stocks will fly again to similar multiples as recently happened but trying to pick the bottom will be very difficult in the short term. This could drop significantly further. Stranger things have happened, but it will take bad news to prevent it from climbing back up and beyond this point. Do you think bad news will come? If not then selling is a tough game against computer algos with the belief of buying again cheaper.
Just look at the 40% pullbacks with Amazon over the years.
The lower this goes, the closer we are to the bottom.
NXT Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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