Yep we were 70th on the top 100 most shorted 3 weeks ago into 48 th with a bullet not great
I am very keen to hear what the coy says at the AGM
I am pretty sure a lot of the sell off in high growth stocks like NXT ALU CAT WEB REA ACN TCL has been the rotation into the tail end of the resources rally
Now with bond rates rising banks an finacials are the next rotation an have been globally last few weeks
No doubt NXT will do well it did get ahead of its self at 4.40 But the pullback to 3 bucks is a bit more than a normal correction but il take shares at that price
i rotated a lot of my portfolio out of resource stocks I have held this year that have done well in over to banks and financial services this last week so far so good on that call
I will stay the course with NXt first entered January 2012 at 1.70 keen to see where it goes over the next few years an added this week ave is now 2.45 just hope it doesn't go back to that lol
I think hedging my positions with some financial stocks exposure I expect to do very well as bonds an rates globally rise will offset any further weakness in NXT
NXT Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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