hit top of range 34 yest, time to test down again?
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hit top of range 34 yest, time to test down again?
Zendesk had a positive IPO overnight - I think closing up over 40%. It seems though there revenues are under US$100m and that they launched on the NYSE. It seems Xero is steering towards the NASDAQ - does anybody know what the pros & cons are over listing on one exchange versus the other?
More details here:
http://techcrunch.com/2014/05/15/zen...g-100m-in-ipo/
MV now just under $1B with revenues of $72m, up 88%. I dont know much about their market but those revenue and growth figures look similar to XRO's suggesting XRO is 3x overvalued?
Disc: hold XRO
I don't think Zendesk has anywhere near the lock-in value that Xero has, nor the scope to branch out and enhance their offering. For those reasons alone I can see why it doesn't command the same premium.
I reckon, and I'm probably cursing it, that XRO is decoupling it's daily performance from the Nasdaq slowly. Quality will shine through in these coming months in tech stocks, something XRO has in spades.
I cant see the "very sickly" NASDAQ pre-market? Yes FTSE is currently down 0.7%, but its had a reasonable run of late and if you look at the patterns it due for a little sell off anyway, and Astrazenica seems to have been responsible for most of todays decline. Doesnt altogether standout as a pending disaster to me...? Odd comment? Oh wait! MOOSIE! ha, it's you! Phew, you had me wondering there for a moment. Just normal undermining thinly disguised as objective analysis. sigh. No doubt there's some fear on the market, but this kind of baloney doomsaying serves no broader purpose. By all means make your own mind up about what you invest in and when, but tighten up on the focus a little and we'll all get along fine.
Nasdaq looking very sickly at the moment but up nearly 1% as I write.
That not far off being closer to 4500 than the catastrophe of 4000 (SNK maths)
Seems the usually irrationally exuberant moose has had a change of heart. Has he been talking to Bobcat? Or is reading too much Naomi Klein? Even worse found some Kuntsler articles?
We be OK moosie .....Nasdaq et al be ok ....Janet will see to that
I have always been bullish .... NZX 6000 by Xnas ..... next step S&P 2000 etc
But I am a miserable cynical coot so need to manage risk as well .... there may will be an impending collapse .... but there will signs when it has coming .... might give back 5-10% of prior gains but not all of them
And yes moosie the overvalued ones will suffer more and maybe that is one of the signals ..... be a brave man to say that MBE collapsing below 20 or the Nasdaq puching below 4000 is confirmation that the market collapse has started
I have faith in Janet (until the next US election that is)
Lol... XRO are changing their reporting methods... SELL SELL SELL