So to sum up today. Reason for the brutal session was due to the following:
1)US tech stocks were under severe pressure in their last. 2)Capital Raising. 3) Director selling.
1) Can't do anything about this- markets have been bipolar of late- let's hope we get risk on in Monday abs next week. I think we will bounce hard. 2) Capital raising- no one likes unexpected CR- I have exp a surprise brutal capital raise in the past however on the bright side- they raising for growth and returns to shareholders. It a CR borne out of strength and not weakness- see us bouncing over the SPP price shortly. 3)Director selling- not a good look, however directors sell for various reasons too and he is still a substantial holder.
Ready for a bounce.
NEA Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
