RE:RE:NLC SPYes, it is a clear profit taking on no news. Some did it during high volume, higher price trades. Others are waiting for price to settle, hoping for more increases, when it plateaued instead, they sell it pushing s/p down.
Many bought NLC on its lowest .50-.70, had s-t intentions and quite satisfied with doubling up.
Many do not even bothering to read presentations, but followed their podcasts ("Li reviving, NLC signed CATL, NLC is good, so buy it" is enough).
It work for some, nothing wrong with that, l-t strategies worked for me better, (find a gem and wait until its potentials are unfold), so I stick with it.
NLC is a rare gem. We do not even know a half of its potentials, but what we know is defined by "largest", "cheapest", "well funded", "purest" and part of one of the fastest growing industry in the world. That is rare combination, s/p sooner or later will reflect it better than now.