And I am sure - they will massage their metrics accordingly to maintain this perception ;) Oh wait - they started already, didn't they?
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Bargin time aye Hoop, plenty on sale at $1.73, might get tempted again soon.(I won't blame the devil)
The April 12 test of the 200DMA resistance, and fail was quite telling. Then closing right on the converging short and medium term up/down trendlines.
Recently PPH has behaved well from a TA perspective, it's broadcasting intent, the fall today highlights uncertainty as to whether perfection has already been priced in and is now reverting to a less risky level, possibly towards support at 1.47.
Patience for lurkers, tight stops for holders.
Good opportunity to buy in once it plummets to around 1.47 :t_up:
De-risked a lil bit last week by offloading half of my holdings, might look to top up another parcel if price gets down to ridiculous levels...
Look forward to more info next month when they announce annual results.
I'm not going to offload any of this stock,if you don't believe what they are achieving then fair enough,but look at the quarterly figures and the growth potential still.
growth stocks tend to have a bumpy ride,and I have made the mistake of selling down in the past (other stocks)and regretting it.
Welcome to the forum and good luck with that.
Interesting as a comparison, Xero listed nearly a decade ago in June 2007 and Craigs have just announced they are starting to recommend Xero again for risk tolerant investors because they believe it will be cash flow neutral by....wait for it.... March 2019. (That's cash flow neutral, not making a profit).
If PPH can be cash flow neutral by Q4 2017 or frankly anytime in 2018 or even 2019 their performance by comparison has been absolutely stellar for a SAAS company.
Anyone noticed XRO is now over $20 ! Tax law is constantly evolving which will require constant evolution and development of their software across multiple tax jurisdictions...on the other hand we have PPH with a pathway to cash flow neutral of potentially just a few years without the need to constantly develop its software due to ongoing regular multi jurisdictional taxation and accounting changes.