NEA 0.00% $2.10 nearmap ltd

False Base broken - now heading below $2, page-589

  1. 5,991 Posts.
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    Interesting movement today, especially when overall market is such weak.

    Did some research on the weekend. This is a very interesting stock. I think 30% lost in mkt cap due to 10% lost of sales guide is a bit too excessive, particularly not driven by competition. Might be a reflection of current weak market condition overall but not to this stock specifically.

    I reckon TA & FA combined, this stock is going to recover to $2 zone shortly.
    Last edited by orionwoo: 03/02/20
 
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