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$2.10 nearmap ltd

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28/02/17

19:11

Post #: 22986032
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Originally posted by dr.biohacker ↑

I had been loonnngg holding this stock until a few months ago. I was ecstatic when hit near $1 and was hoping it might take a lot more attention if it had broke the $1 wall, alas it did not... So I sold at 75cents knowing what's going to happen in the coming years. I'm sad I didn't sell it at 95cents but it's almost impossible to know where the hype will run out of gas. I'm still happy when I was out at 75 cents (my averaged buy price was 38cents). As an ex long-term holder, I can recognize the pattern with our beloved NEA. I think it will go down to 40cents and it will need a masssssive, major positive announcement to re-ignite the hype again... However I do still think that NEA is a solid company, with good growth thus I think it has a bright future unless it gets overtaken by a disruptive technology in the future... But from the viewpoint of the market sentiment, there is no way SP is going up this year. Back to 35-40cents...

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That seems like a huge assumption. Why would the price go to 35 cents when it has around $30 million cash, no debt and a profitable Aus operation?

NEA Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
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