Nearmap is replicating Webjet. Webjet were 3 cents at one point. They also had competition far stronger than spookfish, yet expanded overseas successfully with intense competition. The shares reached near $5 at one point and are now around $3.50.
The sad part of this story is that I bought Webjet for 5c and sold for 12c. I am not going to make the same mistake with Nearmap.
Most of the comments on this site are hardcore long term holders of Nearmap. lets hope Nearmap is a repeat of Webjet.
NEA Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held