shorts will drive it to those prices. the volumes are very low and the stock is easy to manipulate. the high price is a result of that. be careful. any will derivative will be hugely expensive due to volatility. the pop may not come for some time. maybe a small correction if honest US numbers are reported soon but I wouldn't put it past them to be fabricate them. I think QBO needs ~1 year or more till the dent in the Australian business will be obvious. They are just rolling it out now and need to fix the BaS and bank stream thing. Once that is in place, bye bye Australia.
@Roger, I think Xero doesn't do inventory but I'm not sure how important that is. People that move to the cloud are really small businesses or sole traders. They don't need inventory or payroll. But they need quotes...