NEA 0.00% $2.10 nearmap ltd

False Base broken - now heading below $2, page-611

  1. 231 Posts.
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    Yeah mate. Had to go back to chart to jog the memory. Can't believe it's been that long since the thread calling for that drop. Didn't realise that trade was that long ago. I haven't commented on the downtrend on this one because i thought it was going to be a really long potracted one at didn't want to dedicate the time. Especially because very few appreciate it even when your right, as though seeing what is unfolding means your somehow mean spirited or responsible. Luckily a few are smart enough to realise your just reporting what you see it's pure logic not emotional. But I think that announcement and the big down thrust may have bought the downtrend to a swifter end. Even for holders I believe a sudden sharp drop as disconcerting as it may be is more enjoyable than dwindling down over 12- 18 months. I would expect a swift bounce in the short term. I have a stop at $1.58 just in case that wasn't the bottom.
 
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