Faceoff, I also wanted to share a bit of research about small and mid cap stocks, especially with Novonix’s recent 300+% share price rise.
One thing investors either dont know or forget about stocks that have risen significantly as major milestones are achieved is that they trade below their recent high more than 90% of the time.
Then as the 3rd, 4th, 5th, 6th, and so on, major contract and profit announcement is made they kick up to higher highs over time.
Look at Netflix, up 30,000% or Amazon up 24,000% in a decade, yet over 90% of the time the share price was sitting below its most recent highs.
People who sold out during these periods missed the next leg up and the next and the next and the next to new record highs.
We don’t know if the next Supply Agreement or License Agreement will occur this week or next or on Tesla Battery Day.
When it does we will see new highs and again and again and again with every major announcement.
Every 30GWh EV Battery plant Novonix signs on is worth $199million NPAT or $5 per share.
Novonix is now setup for multiple share price rises as International Institutional Investors buy into the stock with every major announcement.
Just remember that 90% rule...so you don’t make the same mistake thousands of others have made in the past.
This is the most exciting time for Novonix shareholders!
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