I couldn't resist any longer.
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:) Buyer right, seller wrong?
Don't think there is anything to read into a dip from $19 highs. Story not changed and, as we all know, the volatility in techs are much more than your average stock. I'm trying to time a entry to top up. US may drag on it and others.
Xero about to go on 20-stop USA roadshow from 21st Oct for a month.
Don't think it's a debt ceiling thing.. I think it's just a periodical cleanse that Xero seems to go through when the SP plateaus at a new height - buyers who bought at cheaper prices wanting to cash in some profits. Nothing changes really - story continues on track.
But yes if you were wanting to get back in or top up, well, this might be one of those opportunities that you're looking for.
from Reuters, XERO LTD XRO.NZ SEEKS TRADING HALT PENDING RELEASE OF MATERIAL ANNOUNCEMENT BY CO IN RELATION TO OUTCOME OF THE CAPITAL RAISE
Deep breath. Whats up? What capital raise? Did I miss something?
They only have one year of cash left at their current burn rate so timing makes sense. Will a SPP follow?
There once was an internet based theme,
That became every shareholders dream,
The more revenue that came in,
Led to more capital raisings,
God I hope it isn't a ponzi scheme.