Luckily, for long term investors, share prices do not go up (or down) in a straight line! I bought into NEA just recently after a pull back and am showing a 50% profit over a very short period of time. I like what they are doing and am looking to increase my holding so whilst my sentiment is to “hold” I would love the price to pull back 20% so I could add to my holding - so long as the pull back is not due to any fundamental change to what they are doing.
One of the few advantages of being a small shareholder is that we can act quickly to take advantage of any over reactions caused by large shareholders moving in or out and unduly affecting the market.
NEA Price at posting:
$2.38 Sentiment: Hold Disclosure: Held