Given your higher level of intelligence than any other poster on the forum can you predict what all the current NZ tech stocks will be worth five years from now? No I didn't think so.
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Brave or stupid? Sorry mate, but why anyone would buy Xero at the moment defies belief. Look at the chart. If you're looking for a quick swing of a couple of percent there are plenty of stocks to do this without the risk that Xero currently has.
Rod spruiking the SP at today's meeting will only have a very short-term effect. Their problems are much more fundamental.
My pick is $17.
I bought earlier this week, Matty, after seeing a foot/knee pattern emerge (2300/2350). Even though 2350 has been broken I'm still holding for two reasons:
1. the AGM is tonight and XERO Mgmt really do believe in their product, their vision and will talk it up; and
2. there is still a very real chance of a double bottom around 2300 (bids are now coming back onto the market around 2330).
Not a bad time to buy IMO, when many others think not.
"Tom got tricked by interviewing a paid Intuit consultant without declaration. It's another example of how much they are rattled by us." Mr Drury tells NBR.
And since when has posting an opinion on articles of relevance on this forum become a lower sign of intelligence than posting repeated cynicism? That's a bit of an unnecessary comment.
If you look at Rod's tweets today, he is certainly pissed off by the article, and even raises whether bad journalism is a FMA issue if it moves the share price. So, he better back up those fighting words with some evidence, this afternoon, that the reporting was indeed bad. Numbers, not opinions, are what count.
mattyroo wrote:
What have you seen? Just curious if this info is inference from use of the product or something more substantial?Quote:
From everything I have seen, they have built their platform in a bad way, it is not a typical relationship database,