Kokomo ...yes you are correct the share price will move up and...

Kokomo ...yes you are correct the share price will move up and down in the short run and may or may not go lower and this would be a superb buying opportunity as the shares would be selling way below book price ..and create a very profitable holding in the long run as higher prices return....the Fundamentals for product development of NVX are improving every day ...you could say the foundations are being prepared for the skyscraper ...solid foundations are being built....of course at $12 the price and time relationships were out of whack with existing fundamentals ..it often happens "enthusiasm gets a bit ahead of reality"...that is not a bad thing and very often reality overtakes this initial burst of enthusiasm and a correction takes place ...however look at many very very successful companies and this initial burst of enthusiasm is very common..but the price that eventually evolves hand and hand with improving fundamentals in most cases makes this initial burst of energy and subsequent correction look like a small price blip in the landscape.
Tesla went from $15 to $75 and back to $15....AMD had early moves up twice from $11.99 to $50 and back to $11/12 ....Amazon did this with upward burst and a return and then on to higher and higher levels ..most companies that have been successful ...that have a strong technological connection have this early burst of enthusiasm and a very large pull back to reality ...and then after the selling of most of this overpriced overhead supply the company forms a long base before its eventual upward travel again ... At that point technically the 50 day Moving average cuts up through the 200 day moving average.This time the NVX move is more in line with fundamentals ...it's like the drunk who has a marvellous night out and wakens up with a sore head...so a lot of NVX early enthusiasts have a sore head...well for the moment...but sore heads pass and more sensible drinking returns ..well for a while!!!!
Given Time ...price starts to move in the direction of the improving structure...and the improving fundamentals ..Patience and vigilance are always well rewarded..At present in my book NVX is improving but suffering from the results of this gradual dissolution of the overhead supply of the shares bought at very high prices ...Once all the sellers are exhausted then there will be a gradual positive trend re-asserted as the supply of shares will become restricted at lower prices ..it never pays to become over absorbed in short term price action...short price action often sends the wrong signals of the true underlying position...Tax selling is an obvious example of a price distraction.
One obvious sign of NVX being overpriced was 40 plus times book price At present NVX is selling slightly above its book price generally this is not a bad price to start accumulation in shares that have good balance sheets ,ample internal liquidity and little debt.
All the Very Best to All