Xro - xero

[skid]

Just been having a look at the charts-now Im not much of a chartist but all along Xro has been pretty much bouncing off the 30day MA (on the positive side) and well above the 100day MA---Now suddenly it has dropped WELL below both and is so far not finding much legs--Gotta bad feeling about this one---Maybe some real chart savy posters could elaborate....

[whatsup]

IMHO, if one wants to trade XRO you have to be set before the last trades of the day as recently XRO has opened .60+ and races away depending what has happened over night in the US. we are at that point now on the NZX.

[blackcap]

have been watching the trading closely and it not going to take much to push this puppy lower.

How were those oysters?

[Beagle]

Just been having a look at the charts-now Im not much of a chartist but all along Xro has been pretty much bouncing off the 30day MA (on the positive side) and well above the 100day MA---Now suddenly it has dropped WELL below both and is so far not finding much legs--Gotta bad feeling about this one---Maybe some real chart savy posters could elaborate....

From a technical perspective this stock still looks shot to bits. Any self respecting technical analyst would tell you to stay well clear of this until it breaks through the 100 day MA on the way up. I normally like to ensure that both fundamentally and technically a stock is a buy or sell however in my view findamental analysis of this stock is in all practical respects impossible. That said we have 2 analysts with a sell rating and one with a buy rating and the chart says stay out so that's the full picture from where I sit. The faithful however will tell you none of that matters and its only a mater of time before XRO has world domination of the accounting software industry.

Thought for the day. Are we witnessing the beginning of a rotation out of speculative high growth stocks into traditional value stocks trading on real earnings at realistic PE multiples as a way of insulating portfolio's against rising interest rates causing possible market wide PE contraction ?

[winner69]

Roger said and its only a matter of time before XRO has world domination of the accounting software industry

That's all the fundamental analysis that is necessary - well done mate.

Some might want to quantify that ... easy peasy except for the timing of the cash flows .....formula is -

earnings (one day) = Y% share times $40 billion contestable market times Z% profit margin PLUS how much the beautiful software can grow the size of that contestable market

[winner69]

OMG whats happening to the Nasdaq at the mom

A day not to look at the XRO shareprice

Just remember nothing has changed in the big scheme of things .... XRO still on track

[Dentie]

OMG whats happening to the Nasdaq at the mom

A day not to look at the XRO shareprice

Just remember nothing has changed in the big scheme of things .... XRO still on track

So Winner, are you suggesting XRO investors (& others) take their lead from the US Nasdaq. Somehting like ...oh dear me, look what happened in the US overnight, the Nasdaq has dropped ..... ' is that you Mr Broker?.... SELL, SELL, SELL ...just get me out quick'.

Like you said...if the story hasn't changed ....WHY?

[bull....]

wow massive fake out by the bears nasdaq destroyed glad im not in 29 looks good again

[Bjauck]

Like you said...if the story hasn't changed ....WHY?

For many on the Nasdaq, the story had not changed...just that they, like NZX listings, cannot all be like a King Cnut holding back a tsunami of sentiment and macro forces. XRO is not a cnut.

[winner69]

IMHO, if one wants to trade XRO you have to be set before the last trades of the day as recently XRO has opened .60+ and races away depending what has happened over night in the US. we are at that point now on the NZX.

Spose it can open 60+ down as well?