The last couple of months have presented an absolutely beautiful textbook short trade, especially from when she cracked through $130.
Agree Baa Baa, circa $90 is looking like an area of strong support. Past behaviour gives no assurance for future behaviour, but historically when XRO has rebounded off a low it has done so with some vigor. RSI on the weekly is also starting to warn of an impending pivot point, even if only providing temporary relief for the Bulls.
~$90 did offer some support and a bounce, but unfortunately it's been sucked down with the Tech sector rout, now 50% below its ATH (half price) and at the 78% Fib retrace from Covid lows. Then now they've posted a $9m loss. Ouch.
Any reason trading at high PE? Can we expect high growh in this growth company in the coming years? Are you worry about thier debt level? Will there be laying off workers in the IT indusry in the coming recession? Is it risky to buy Xero right now?
Reducing cost by cutting up to 800 global personnel is now priced by the Market this early an additional $5 to the sp. Is this the announcement needed for an uptrend?
Reducing cost by cutting up to 800 global personnel is now priced by the Market this early an additional $5 to the sp. Is this the announcement needed for an uptrend?
AFter many years they finally realised they undercharge so to try to make some money get rid of the people ... after all they are consumable
Still to need to charge more realistic prices for what they offer .... price rises next
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Bookmarks