Some sort of profit taking had to come. When it starts to go down, stop losses are triggered, others panic. Sell-down has been on lightish volume (VWAP is still 3.04) so I wouldn't be surprised to see it head back to $3 later today.
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Some sort of profit taking had to come. When it starts to go down, stop losses are triggered, others panic. Sell-down has been on lightish volume (VWAP is still 3.04) so I wouldn't be surprised to see it head back to $3 later today.
Catch that falling knife. We've all been here before...
Already bouncing back up, from $2.70 lows back to $2.83.
back up to 2.95
What the heck even caused that?!?
No news flash here.
Thought the people who bailed on Xero at around 3 dollars learnt their lesson? :)
I'm holding it long term.
If people read between the lines from all the articles and reports, there is a huge future for Wynyard.
One contract can be millions, and they have mentioned the original contract normally doubles, triples as they start using their other softwares.
They signed up 40 or more contracts in 2013... They indicated the UAE deal was a small contract which contributed to 5% of the revenue, which meant, the one contract which they considered was small was worth a million bux! What would a big contract to them be worth?