Xro - xero

[Balance]

Milford says if it captures 10% of rivals customers, values SP as $70. And I for one total agree with that. Remember I was a sceptic of this stock initially.

Let's hope Xero does so.

Good luck, Xero and best wishes.

It is not Xero's fault that punters suffer from irrational day to day exuberance.

[Minerbarejet]

Yea i understand the opening, i just dont know why someone would buy so many way above what its going to open at.

the person involved thinks that the share price is going back to or better than its high say from 32.00 to 42.00. That is 10 dollars times 100000 =1,000,000. They are prepared to put 320,000 into get that amount back at 42.00. They are also prepared to put in 390,000 to get back 300,000 at 42.00. Or anywhere in between. Having the bid at 39.00 ensures they get first go at the lowest sellers. Take all the zeros off and you have the same thing 3.2 cents to 4.2 cents although liquidity enters into that.
Probably clear as mud but just trying to help
Cheers

[Toasty]

the person involved thinks that the share price is going back to or better than its high say from 32.00 to 42.00. That is 10 dollars times 100000 =1,000,000. They are prepared to put 320,000 into get that amount back at 42.00. They are also prepared to put in 390,000 to get back 300,000 at 42.00. Or anywhere in between. Having the bid at 39.00 ensures they get first go at the lowest sellers. Take all the zeros off and you have the same thing 3.2 cents to 4.2 cents although liquidity enters into that.
Probably clear as mud but just trying to help
Cheers

I think that captures it perfectly. This is personally why I don't trade in and out of the stock. Once the money is tangible in the account it makes it harder to recommit for what seems like a reduced return. I am a story believer and will stick to my piecemeal approach of taking a small amount every so often.

[Toasty]

Don't mean to sound rude, but you obviously don't understand the opening.... For one they certainly didn't buy "above" the open. They got in at $31. They put the high bid in to ensure they were first in line to buy at the open price.

I read this comment to mean the international trades that came in at 39 this morning. Given the carnage yesterday why would people be buying at those level?

[catchbag]

the person involved thinks that the share price is going back to or better than its high say from 32.00 to 42.00. That is 10 dollars times 100000 =1,000,000. They are prepared to put 320,000 into get that amount back at 42.00. They are also prepared to put in 390,000 to get back 300,000 at 42.00. Or anywhere in between. Having the bid at 39.00 ensures they get first go at the lowest sellers. Take all the zeros off and you have the same thing 3.2 cents to 4.2 cents although liquidity enters into that.
Probably clear as mud but just trying to help
Cheers

Exactly,and they are likely to be correct.

[Copper]

Looking like tracking the ten day MA.....Might see some consolidation after all the carnage.Wouldn't be a trader unless I had live quotes and lots of nouse.......

[catchbag]

So, any predictions for today? IMHO profit taking ensued,and then panic set in yesterday. Im expecting a bounce back today.

[Copper]

So, any predictions for today? IMHO profit taking ensued,and then panic set in yesterday. Im expecting a bounce back today.

May be quieter but on occasions the sellers have been far above ,so sellers may be a little scarce.Noon may be when Aussy kicks in.They could be an influence.(unless they all got stung as well)---

[Schrodinger]

Regarding placing high bids to get first in line.....

Isn't there a formula they use to stop this I.e. Opening price calculation and priority ranking when this is calculated?

If you could queue hop by placing an artificially high opening bid this would distort the market.

Anyone have an opinion on this? I noticed this on the GEO opening a few days back.

[catchbag]

Agree. It looked like ASX XRO was bouncing back towards the end lastnight. @$33 earlier in week, I would have (and did) buy. Can't see why that wouldnt be the case again today. I wouldnt be surprised if we see normal transmission resume, albeit slower for next week.