I used to be a long term holder of NEA and sold out when Simon got the boot. Looking at last few weeks of SP climb, I thought maybe they've really turned the company around. Really surprised to see a net loss of ~$7m (which they tried very hard not to mention in the 2 page update). What once could've been a great technology company is being turned into a marketing machine. Will keep watching, the next couple of days will be interesting.
NEA Price at posting:
56.0¢ Sentiment: None Disclosure: Not Held