No wonder NZ economy looks soo good...talk about buying power with the zillions.
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No wonder NZ economy looks soo good...talk about buying power with the zillions.
It will be interesting to see what the result of this is. In the US, they refer to the as the google mafia (and paypal mafia beofre them : http://techcrunch.com/2007/12/28/her...-google-mafia/) due to the money they have and the influence they have over the start up scene.
NZ closest example is probably Trademe, and all the new companys that have resulted from funding or founding by Sam Morgans or ex trade me staff (Lance Wiggs and Rowan Simpson come to mind but there are more).
I'm always surprised when people sell at market open when XRO is on a run. Past experience suggests that the big price jumps come after lunch when the Aus and Asian markets are open and if this run is based on the demand from inclusion in the Global Equity Asia index, then I would expect that trend to continue. Just my opinion and don't place any weight on it, but if I was selling today I would think carefully about timing. Would be interested in what others think.
On second thoughts maybe being a Friday might make the above observation less relevant. Don't really know so take with a grain of salt. I'm not selling so have not given it too much thought.
I only loosely follow Xero.... has anybody done some analysis to see exactly how much market share has already been factored in now? I think I read at $30 the expected final market share in the states was already factored in!? If it makes it to $50 or $60 what is being factored in then? World domination?
Crikey only 1%! The reports I've heard are that it's an amazing product so 1% is nothing. Maybe the shareprice does still have along way to go. Best I get reading this Claridge report.
Disc; The above almost sounds like a ramp... I don't own but best I start researching...
XRO being added to the ASX all ords index? Should be worth another $1?