nuix for life .. hold, page-52

This industry was not hyped up for no reason. And the big investment banks didn’t jump in at IPO for no reason. Of course the SP got drummed up too much and people get carried away with euphoria . And 2 small misses and the thing has turned polar opposite. For a business that has been 10 years in the making and profitable prior to IPO , in an industry that is about to rise and during a time when the world economy just had the biggest shock since the big depression of the 1920s , at least have some patience and let the horse run a bit. New contract new client, what sort of government contracts in the pipeline. What’s their plan for the future expansion. There are a lot of answers still to come from the CEO. This one is actually not a penny stock that surges and dives on story telling. NUIX actually has a product that’s been well received by some of the biggest companies in the world and yet traders treat it like a penny stock. Have a bit patience on this rare Aussie tech stock that actually has a global presence. It shouldn’t have gone to $8-11 in the first place but to be shot straight down to 3s without giving the stock some time to show its real colour is equally mad. The market is teemed with new generation investor/ traders that only chase quick bucks. Just let this horse run and come back in 2 years time and reassess. If you’ve bet your house on it then NXL is not for you. If you’re too feint hearted , NXL is also not for you. You can sell NXL at 3s and try other stocks at Asx 200 , 7100 , but the risk of a market correction is no less than holding NXL at this level. Just relax gentlemen.