NEA
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0.00% $2.10 nearmap ltd

IMHO "this mob" has got "their act together". They are a classic...

  1. austted
    1,090 Posts.
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    24/02/21
    20:51
    Post #: 51298482
    IMHO "this mob" has got "their act together". They are a classic tech growth stock whose value is based on future earnings. So when the market sees a lift in long term bond rates as has just happened that can cause a run on such stocks. Personally I am not that concerned and will hunker down. NEA has not been singled out and indeed the level of shorts has been dropping - down to 4.6% on the 18th Feb.

    I see this as a temporary correction but then I could be wrong.
    NEA Price at posting: $2.38 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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