SKO - Serko.com

[44wishlists]

I think Serko's SP weaken so much after the result announced are largely caused by the global markets sell off of tech stocks. Tech stocks around the world have been out of favour in recent months. The "FAANG" + Tecent have really came off the top. Hence, while the SKO result missed fire a bit, traders used it to the fullest and caused a shape pull. Based on the SP movements of SKO after result announcements, the price could still go down a bit, in particular we have all the traders on ASX nowadays.

[blobbles]

Yeah, I aren't too surprised about this result. It's the next trading update that will be huge I think. Given the timing of recent entry into other markets the numbers we see from those should show huge growth in the next full year update. Pity we aren't getting more frequent updates to track it.

[sb9]

Serko and Troovo Partner to streamline travel booking and payment processing...

https://www.serko.com/news-blog/troovo-partnership

[RupertBear]

Hmmm bit of a drop...and chart not looking so good...hmmm

[Balance]

Hmmm bit of a drop...and chart not looking so good...hmmm

I reckon $2.50 is where it is heading.

[RupertBear]

I reckon $2.50 is where it is heading.

Think you might be right Balance, I might be topping up if it does...

[Balance]

Think you might be right Balance, I might be topping up if it does...

Have a look at Diligent price chart and it gives you a good idea of how the sp of Serko is likely to behave.

[RupertBear]

Have a look at Diligent price chart and it gives you a good idea of how the sp of Serko is likely to behave.

Ok will do thanks Balance

[McGinty]

This could head much lower than $2.50 in this market! Technically this one is broken.

It has had a great run over the last 14 months and is currently testing the long term support around $2.75. Failing that would confirm a stage 4 down trend.

Still a very highly valued (and illiquid) stock, so it will pay to have a plan and stick to it. No one enjoys being a 'trapped' holder' or giving back paper profits.

Disc: use to hold SKO, but sold after HY results failed to impress the market.

[Timesurfer]

Given the volumes being traded I am not panicking just yet - in fact happy to keep adding (early christmas presents!).