It's been an amazing ride. Got in on the game last year when it was at $3.60.. I always knew it was heading to this market cap and beyond but had no idea it would do it at this pace. Just seems to be snowballing.
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It's been an amazing ride. Got in on the game last year when it was at $3.60.. I always knew it was heading to this market cap and beyond but had no idea it would do it at this pace. Just seems to be snowballing.
I have an email to my partner suggesting we sell our 50000 gag we bought in1996
And buy Xerox at 2.2.2.275..... no reply duh
The only thing I am still concerned is these guys are only anX X away from being the next Xerox
Pols for the fat fingers but u get my drift.?
Seriously! Use the edit button.
I wonder if any of the current buying is by NZ funds. While there is no requirement for active funds to hold shares based on the index, there performance is compared against the index. Not holding the top performing share in your comparison index must put a lot of pressure on the rest of your investment decisions!
Usual amount of vitriol on the NBR comments section. Do people really think that the poor mums and Dads are going to get burned on this? I can understand that it may all turn pear shaped tomorrow but my take is that the Mums and Dads are over at MRP getting burned there. Xero investors generally buy the story and realise that its risky.
Anyway an article on the Herald suggests that this is the year of aggressive marketing in the US starting with Xerocon in San Fran to coincide with the Americas cup. Wish they wouldn't call it XeroCON. Maybe XeroGOOD or something....
I think it could easily just crash through a sudden loss of confidence. However the Herald article quotes Brian Gaynors opinion that the price is being driven by tech savvy investors in the US who are interested in the rise of customer numbers rather than traditional measurements. They of course could be completely wrong but it makes me feel good that Xero is getting support from one of the biggest economies in the world...