NEA added to the woes of the Australian IT sector yesterday as it was hammered over 23% after a legal case was launched around patent infringements. We see now reason to “catch this falling knife” as there were no obvious signs to MM beforehand that the company was lighting up the screens with reasons to accumulate the stock.
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Monthly Update: Portfolio performance and positioning during October
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is neutral NEA
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