Will be a boomer day ......and Shore and his mates down at Xero HQ will be a lot chirpier today.
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Watching the market yesterday was like a repeat of that film Dumb and Dumber except for those buying,im building me up a cash pile so i dont miss out on the next round of this dumb arse behaviour:cool:
Nice try ;)Quote:
and Shore and his mates down at Xero HQ will be a lot chirpier today
It's all par for the course. Up and down she goes. I'm buckled in for the ride and look forward to seeing where this company ends up in a few years time.
They are calling it a modest rebound but any rebound is a welcome relief.
Nasdaq ended up .87% up (not sure if that interprets into a boomer day,but its in the right direction)
I would keep a close watch on the Nasdaq for a while--This whole thing started on concerns over expectations of lackluster corporate earnings (to come) so we are not out of the proverbial woods yet.
And why do corporate earnings way over there have such an impact over here--welcome to globalization (good thing to keep in mind when you hear them ramping on about the NZ ''rock star''economy)
Enjoy the ride today,but keep in mind some of those buying will be the ones who got out when the gettin was good and are buying back at a nice profit.:)
I do think there needs to be a bit of perspective... many analysts are saying it's now "delivery time" and that Xero is "under-performing" which I find ridiculous. Yes, against it's market capitalization, Xero's numbers on their own look a little uneven, but the SP is not under Xero's control therefore I think it's a little unfair to say Xero is under-performing because it has consistently met its targets and is executing on its promises.
should bounce as oversold, but tonight in us you have fed minutes which normally move markets big time so something to keep in mind