Because this is an early stage company whose business model is not exactly clear and whilst it has significant promise it probably got a bit ahead of itself share pricewise. So now we have a period of absence of catalyst and underwater and profittakers ( who regret missing the high ) feeding supply. On the volumes I am not that concerned and am adding small parcels to replace those sold higher.
Whereas NEA is reacting to their (finally) US growth ( and a fair bit of support from Motley) and I would suggest is also getting a little bit ahead of itself in pricing.
Stocks always overshoot in both directions as a rule. Is this the bottom, I don't know but doesn't seem much selling down here.
All IMO.
3DP Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
