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85.0¢ novonix limited

No rumour on European expansion, Dr Chris Burns is already...

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Burty85

2,673 Posts.

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25/01/21

17:34

Post #: 50434879
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Originally posted by SofiaC: ↑

I don’t usually sell 100% of my stock if I like the company, no matter how tempting it is to realise the gains. Best to keep some powder dry. If the company appears to be a cracker, then I stretch and buy more than I need. I plan to sell 1/3 when NVX reaches $5.00 (possibly very soon) so that my remaining shares are free float. Then I don’t have to worry about price fluctuations and further trading, my holding is derisked.

If NVX continue on this trajectory, then I might just sell 1/6 of my holding to cover cost.

I think NVX are going to continue to rise on expectation of the Tennessee plant upgrade commissioning in Feb 2021 and increased production volumes from 3rd qtr 2021. The Sanyo MOU may become formalised and there are rumours of EU expansion. Further, the supply side is thin on the ASX. All this is bullish for NVX for a little while to come. I think only macro conditions affecting the entire market may cause a pullback.

All my opinion of course.

DYOR.

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No rumour on European expansion, Dr Chris Burns is already planning this in the next few years.

NVX Price at posting: $3.61 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 85.0¢		Change 0.020(2.41%)		Mkt cap ! $415.6M

Open	High	Low	Value	Volume
84.0¢	87.0¢	83.5¢	$1.126M	1.327M

Buyers (Bids)

No.	Vol.	Price($)
2	21390	84.0¢

Sellers (Offers)

Price($)	Vol.	No.
85.0¢	62458	3

View Market Depth

No.	Vol.	Price($)
2	21390	0.840
12	160126	0.835
12	284939	0.830
6	94242	0.825
12	68545	0.820

Price($)	Vol.	No.
0.850	62458	3
0.860	32066	2
0.865	25954	4
0.870	84319	7
0.875	11796	2

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last 84.5¢			Change 0.020 ( 1.78 %)
Open	High		Low	Volume
85.0¢	86.5¢		83.8¢	300661
Last updated 15.59pm 10/05/2024 ?

NVX (ASX) Chart