NVX 0.71% 70.5¢ novonix limited

Sadly, a lot of people are deep under the water now. Many of...

  1. 1,944 Posts.
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    Sadly, a lot of people are deep under the water now. Many of them are now pumping this stock more than ever as 'long-term hodlers' instead of coming to terms with the situation and the fact that perhaps this stock is in fact the result of current excessive liquidity era market mania aka pump & dump. Since humans are irrational, the realisation of the reality tends to come later and instead people just keep dwelling on what they believe to be temporary losses aka the stage of denial. I do believe the sentiment will change vastly once we see $1.xx. Once this happens, I do believe that the SP will quickly move towards my PT, which is below $1 and quite probably below 50c. Might take a little longer to reach the latter target. Just my humble 2 cents.

    The irony - if that's the right word to use - of it all is that the biggest hodlers aka the ones bigly under water will create a chain effect and drag even more people under water with this pumping.
    Last edited by kokoro: 20/02/22
 
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