Xro - xero

[lastmoa]

Yep, it's awesome that this stock has ticked over the $8 mark and now all will be looking at the $1billon market cap target.
I didn't think the latest figures justified this price just yet, but I am bullish on this stock, and do hold a sizeable holding. I still feel that there could be a pullback from these levels. It has got this high on lowish volumes and I can't see much buyer depth. Not negative on the stock at all as Xero seems to be building a nice groundswell, just hesitant at these heady levels.
I took my initial capital off the table at $7.50 so happy with that.

[Toasty]

I must admit thats its tempting to unload it all and wait for the inevitable pullback, however I have done that before in smaller volumes and I always called it wrong and got left behind. I decided a while ago that my remaining holding in this stock would ride on the story and the long term potential.

I would really like to see 200k customers come up sooner rather than later, so hoping for good news in the UK and US markets in particular. I heard that the Asian market was very keen to see a version but that would be a whole new can of worms.

[Toasty]

I thought there might be something driving this but the news sites seem empty of any developments. $8.40 now and climbing albeit on small parcels. Maybe someone leaked new customer numbers and it looks good???

I love this stock as much as the next Xero shareholder but it would be nice to have a reason for the climb....

[lastmoa]

I am bullish on Xero too, but this fast climb seems to have over-exuberence over it. Since it is only on low volumes I think it may be because of new customers (accountants, smb's, etc) finding about it and wanting their own small parcels. Low volumes so I don't find it sustainable.
I am a holder but sold 2/3rds at $7.50 and fine with that. Compared to Diligent this is starting to get way expensive. Won't even comment on Snakk. lol

[JohnnyTheHorse]

Yes, but it is all relative Turmeric. When the SP goes bonkers on no news and keeps hitting new highs it is a very risky business. When it climbs on good news that can back up the SP it de-risks it in that price range. I still wouldn't buy it above $5, I feel it's tracking towards bubble territory now...

Agree completely. The SP is just ridiculous at this point and has been for some time.

[Toasty]

Wow. Off market transfer of 100,000 shares. Does that have any significance?

[JohnnyTheHorse]

I would encourage people to do their own research on this stock and make decisions accordingly and to not simply buy into the rather vague “it’s a bubble” type argument. As I said previously these comments have been made from $2 through to $8.40 and therefore to this point have been a bit off the mark.

That's because some bubbles take a while to pop

[Toasty]

I don't know, it's looking solidly overbought. I would expect a top around $8.50.

$8.50 is up. Can you please make another top prediction? Maybe $10. Seems to be having the desired effect...

[Blendy]

I couldn't resist this crazy run today, so I took a bit of profit at $8.50.
How far will this run go??

[Toasty]

Dammit. Moosie was spot on. Slight retreat back to $8.45. I was waiting for $15 to come up