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Thread: SKO - Serko.com

  1. #841
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    Quote Originally Posted by whatsup View Post
    SKO opens up 2.5% in Aust but not all of that rise is reflected here in N Z we are now $4.32 atm.
    Looking stronger now at $4.35, but still lagging on ASX price of A$4.22.

  2. #842
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    Quote Originally Posted by sb9 View Post
    Looking stronger now at $4.35, but still lagging on ASX price of A$4.22.
    Up 55% YTD.

    Simply stunning!

  3. #843
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    Quote Originally Posted by Balance View Post
    Up 55% YTD.

    Simply stunning!
    Another strong start for the day.

  4. #844
    Legend Balance's Avatar
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    Quote Originally Posted by sb9 View Post
    Another strong start for the day.
    Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

    Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

    So much truth in what he said.

  5. #845
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    Quote Originally Posted by Balance View Post
    Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

    Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

    So much truth in what he said.
    Good quote. And good news day again. $5 looking closer and closer

  6. #846
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    Quote Originally Posted by Balance View Post
    Could a be a few attendees at NZX's presentation by Serko last week deciding they better grab a few before the sp reaches $5.00?

    Share market old timer I used to hang out with once said to me : "Investors in NZ find it harder and harder to buy a stock as its share price goes higher and higher. It is perverse as it should get easier and easier! Means the story is getting better and better, and more believers are jumping onboard."

    So much truth in what he said.
    Nonsense.

    Share price is always underlying value plus hype. Hype can be a big number and it can be positive or negative. Just looking at the SP does not allow you to identify the hype component - it would have been not very clever to buy into PEB or WYN while the price was high - but obviously for some other stocks (like MFT or FPH) a high and constantly rising price seems to reflect the underlying value.

    A high share price is no reason at all to buy a share - but, if the underlying value is better than the SP, than it obviously shouldn't be an obstacle either.

    Whether Serko is cheap or dear is nothing you can read from the share price ... other than that the market seems to think at this stage that it is worthwhile buying. Sometimes the market is right and sometimes it is wrong. Just remember - this is the same market which was happy to pay at some stage $ 4 for TRA, $2 for WYN, $1.60 for PEB or $20.0000 for Bitcoin.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  7. #847
    Legend Balance's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Nonsense.

    Share price is always underlying value plus hype. Hype can be a big number and it can be positive or negative. Just looking at the SP does not allow you to identify the hype component - it would have been not very clever to buy into PEB or WYN while the price was high - but obviously for some other stocks (like MFT or FPH) a high and constantly rising price seems to reflect the underlying value.

    A high share price is no reason at all to buy a share - but, if the underlying value is better than the SP, than it obviously shouldn't be an obstacle either.

    Whether Serko is cheap or dear is nothing you can read from the share price ... other than that the market seems to think at this stage that it is worthwhile buying. Sometimes the market is right and sometimes it is wrong. Just remember - this is the same market which was happy to pay at some stage $ 4 for TRA, $2 for WYN, $1.60 for PEB or $20.0000 for Bitcoin.
    And you seriously consider investing in Bitcoin, PEB, Wynyard & TRA in the same league as investing in AIA, EBO, SKO, DIL, MFT, XRO, ATM?

    Stunning!

    Enuf said!
    Last edited by Balance; 02-07-2019 at 11:56 AM.

  8. #848
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    Quote Originally Posted by Balance View Post
    And you seriously consider investing in Bitcoin, PEB, Wynyard & TRA in the same league as investing in AIA, EBO, SKO, DIL, MFT, XRO, ATM?

    Stunning!

    Enuf said!
    Well put Balance.

  9. #849
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    I think you can find exceptions to every rule, and a little common sense goes a long way. However, if there wasn’t some risk everyone would be doing it.

  10. #850
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    Are the big boys about to pounce now they have sucked the price back again - or is the sp about to tumble back to a price where I will be forced to start accumulating again? Cat and mouse going on.

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