NEA 0.00% $2.10 nearmap ltd

US contracts, page-37

  1. 1,097 Posts.
    lightbulb Created with Sketch. 103
    Well I agree the stock has been manipulated by the shorters. It seems obvious to me the shorters used JCap to depress the SP before the HY report came out to cover some of their shorts. Looks as if it largely backfired because of NEA management's decision to stall trading and bring forward the report which was an excellent one.

    It appears the latest dip in the SP relates to long term concerns about inflation and a rise in the 10yr bond rate which has had a negative impact on all tech stocks and probably triggered sales of tech stock index funds that would hold NEA.

    I believe there is close to zero chance Nearmap management may have been involved and reckon they are frustrated as you.

    My personal view is that patience is required with NEA but there will be little warning when it decides to take off. I invest on fundamentals and I consider NEA to be an excellent classic growth stock but DYOR.
 
watchlist Created with Sketch. Add NEA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.