Market going crazy
Last time I talked about NNDM is determining the value of NNDM after their acquisition, which is bullish for the company and believing it should valued at a $10 stock. We look at NNDM and show there's no fundamental change in the long term price action, yet we can assume we might not get the gains we want in the market until the fall. According to market watch cash on hand is 671million and liabilities are 689million and adding these together gives 1.360billion dollar, yet the stock market values the company at a billion dollars. They are losing money due to the pandemic, yet they have enough cash to be sustainable. I did take profit on some NOVN shares still at a profit, yet decide to take a bite of NNDM and bought over 300 shares. I think atm the market is under valuing certain assets, yet retail traders don't care, which can be seen in erc20 scam coins, leaving btc and going into AMC atm, and along with NANO cryptocurrency which is still sub 50 in ranking marketcap. I'm not saying I'm not a fan of AMC or NANO, but think theirs value in stocks like NNDM that are so low it makes hedge funds that are buying cry tears of joy.
Technicals have no rhyme or reason in the current market besides being oversold and undervalued.
Technicals have no rhyme or reason in the current market besides being oversold and undervalued.
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