Should I sell NEXTDC?

Hi Peter what are your thoughts on NEXTDC (NXT) it seems to be doing nothing but fall. I bought some shares at $2.60 and just don’t know if I should hold or sell and cop the loss.

A: Thanks for the question.


I really can’t offer you much insight on NXT.


NEXTDC (NXT)



It had a great run up – possibly too quick – would look like it has some support around $2.00.


The company appears to be delivering on its commitments – obviously, the vote on the remuneration report has caused some issues – however, there is nothing that I can share to offer further guidance.


Regards


Paul Rickard



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