NVX - Novonix Limited

[frugal.rock]

Chart update

 

[LKM]

I bought NVX AT 5 $ AUD, ITS NOW AT 0.8 $ AUD . SHOULD I AVARAGE DOWN BY BUYING MORE Of this??? I don't want any profit , just want to get out with minimum loss.

any thoughts


thanks

 

[Garpal Gumnut]

I bought NVX AT 5 $ AUD, ITS NOW AT 0.8 $ AUD . SHOULD I AVARAGE DOWN BY BUYING MORE Of this??? I don't want any profit , just want to get out with minimum loss.

any thoughts


thanks

Unfortunately it is an offence to give advice on buying or selling stock. Having said that, dollar cost averaging can work in your favour IF the stock is looking at recovery.

A better question to ask yourself is " Is it worthwhile buying NVX atm.?" rather than should one look at improving your average buy in price of a stock, as they are quite separate questions.

OR would the money be better spent on another stock.

If your analysis of NVX's prospects still hold and they come to fruition then you may find yourself profiting. Are you good at profiting from Li ion battery stocks? is another question worth asking.

Should you cut your losses?

The most difficullt decision I find is to sell at a loss. Not doing however can lead to further losses. One good effect of selling at a loss is that it can be offset against future capital gains.

All the best with your investing and decision making.

gg

 

[frugal.rock]

Glad I did jump... was a bit disappointed with myself for not selling at a better price, but heck, looking back I think I did ok, considering.
I think I'm my hardest critic.

 

[Dona Ferentes]

“NOVONIX” refers to the article published in the Australian Financial Review speculating that NOVONIX will undertake a capital raising. NOVONIX wishes to advise that it has considered its position and is not undertaking an equity capital raising at this time and that its capital position remains strong.