Remember JCrap had a go at Wisetech before they dumped on Nearmap
Well WiseTech went up a whopping 25.55% today. From the AFR - "A thumping earnings season for the ASX's software companies has put investors on notice, culminating in a $6.9 billion WiseTech Global rally on Wednesday as investors scrambled to get a piece of Richard White's profit machine." Admitted their shorts are down to about 1% at present but still scope for them to have been burnt."
What does that say about JCrap?
Well hopefully we might see a similar outcome for NEA in the near future when the impact of HyperCamera3 bears fruit and we get a better idea of how the Patent case is progressing.
NEA Price at posting:
$2.20 Sentiment: Buy Disclosure: Held