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- 19 October 2005
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Market Matters issued a trade alert today that it is adding to its existing holding of NXT in MM's active growth p/f.
No thanks. I glibly view it as a meme stock. It has declared losses for the last two years and we're supposed to have faith that it will justify it's exorbitance in the distant future because 'big data and A.I'. Well I say no, do I look like a mug? I'll buy coal first; it makes electricity, profits and pays franked dividends.
Haven't made my mind up about the chart- could be a rounding top forming, neckline down just below 15.50, or could be a diamond continuation. Or nothing, but a stand aside till it resolves?
Not Held
Not Buying
DAILY
No thanks. I glibly view it as a meme stock. It has declared losses for the last two years and we're supposed to have faith that it will justify it's exorbitance in the distant future because 'big data and A.I'. Well I say no, do I look like a mug? I'll buy coal first; it makes electricity, profits and pays franked dividends.
Haven't made my mind up about the chart- could be a rounding top forming, neckline down just below 15.50, or could be a diamond continuation. Or nothing, but a stand aside till it resolves?
Not Held
Not Buying
DAILY
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