At 37c NXS is a buy. That's all this is about.
Buy/wait argument is redundant when the sector is underpinning the hopes of the Aust recovery over the next few years. Market timing has and will always be an imperfect science, so the difference in investing at 33c or 35c or even 42c is marginal over the long term.
The 50/50 'merda' is limp wristed investing in my view. If the price moves to 50c quickly you will be paying for profits with half of your money to establish your 100% position, whilst earning these same profits with the initial investment.
The price action at the moment is steady, and has been since re-listing and ROC pulled out. Sideways movement is non-destructive to anyone's portfolio, and the chance of this dropping to the doldrums is more remote than delivering 2-3 times capital performance.
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.88M |
Open | High | Low | Value | Volume |
25.8¢ | 27.5¢ | 25.8¢ | $12.21K | 45.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 143465 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.250 |
1 | 2500 | 0.245 |
2 | 6376 | 0.235 |
2 | 17071 | 0.230 |
1 | 4545 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 143465 | 2 |
0.285 | 12524 | 1 |
0.295 | 3390 | 1 |
0.300 | 32437 | 1 |
0.305 | 7749 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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NXS (ASX) Chart |