NEA 0.00% $2.10 nearmap ltd

Trust me, the last 5 years has had its moments … when we were at...

  1. 1,228 Posts.
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    Trust me, the last 5 years has had its moments … when we were at 30c after Simon was summarily dismissed as CEO it was a long, dry run, and I was sitting on a good sized loss.

    You need to have an understanding of what you have invested in, and perpetually remind yourself that (a lot of the time) the share price has little to do with the value of the company.

    What I think we are seeing here is a washup of the machinations of the entry into the ASX200; the SP was forced lower to get to the required value on the day of portfolio change and there was a fair amount of detritus that went with that. It pushed up on demand (from those who were late - especially instos), and is now being reigned back to control some of the ensuing problems - such as outstanding shorts)

    I reckon you're spot on … this will meander around as a plaything until the annual turns up, then burst northwards once again. I suggest $3.27 will be the same as 0.70 within a relatively short period.
 
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