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$2.10 nearmap ltd

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MagicGlen

130 Posts.

1

12/10/15

12:19

Post #: 16157781
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Originally posted by trythree ↑

Nah mate I'm fine, don't need to read about how to buy a stock who's share price has near halved in the space of a year. Done it for a living for many a time, and it's definitely not because I'm emotionally attached to it and the whole world just get it and life is just not fair lol.

A falling knife needs to land first, with all the panicked and emotional buyers and sellers cleansed us, like some of you by the sound of it, before it becomes no longer one. Investopedia will tell you that, just gotta read between the lines sometimes too.

Fosters recommendations as well are not worth the paper their written, I could name moooore than a handful where they have made price recommendations and then traded their clients money in a totally contradictory way, or raised capital to leave their clients withe half the value of the original investment.

My view of Nearmap is nothing to do with how good the business is, if I thought it was a running disaster I wouldn't have even bothered to comment, my only opinion is that the share price movement has not shown any indication of it bottoming out, so if your jumping 'in' now you better have some strong gloves or an investment strategy where the time value of money doesn't come into play....... if you want some genuine TA analysis and advice on when you should look to be jumping in fora turnaround I can offer that, but if your the head in the sand crew I'll leave you to the hobbies or trying catch knives and bottom fishing.

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I appreciate your comments and would be happy to hear any recommendations. For me, I am looking at a 3-5 year hold and could double up if the price fell. Like you mentioned, this is not a disaster stock and I think the business fundamentals look positive. I wish I had your charting experience.

NEA Price at posting: 44.2¢ Sentiment: Buy Disclosure: Held
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