ya have to sell when they do these please explains lol anyway 30 jan nice candle started the move, also lower low confirmed short squeeze happened talking aus stock price where you can long and short
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ya have to sell when they do these please explains lol anyway 30 jan nice candle started the move, also lower low confirmed short squeeze happened talking aus stock price where you can long and short
Edit: There is some product news. http://www.itwire.com/business-it-ne...g-soon-in-xero .. on the 18th from Xero Australia managing director Chris Ridd.
The Oz XRO Roadshow started 2nd Feb, right when the price picked up, and yesterday Feb 18 was the Melbourne event, a big one for them, co-incidentaly(?) that was the day after XRO opened and closed above its 50day EMA, and it bolted on slim volume, then again today again as the flock wade in. So one wonders if the break-upwards is purely technical as there's no obvious public news, except a few insiders getting their options, or whether something has been said at the Roadshow that hasn't filtered out to the market yet. Reporting isn't until May, so what has set the fire under XRO?
And here's more on the Oz Roadshow http://www.digitalfirst.com/2015/02/...features-xero/ Would those accountants and bookkeepers also started buying shares after they have told what's coming within 90 days? I like the spike but "please explain" is probably also in order. Gut feel, this is NOW another start to higher XRO price prior to USA IPO.
Good find. Product releases in the next 90 days will no doubt be nicely timed for and ahead of reporting dates. I'm not sure why we have to be Sherlock Holmes, or physically attend the roadshows, to find out these things that are reported in a timely way only in the Aus IT media? Why wouldn't Xero announce it properly themselves?
Who thinks the product announcements in themselves are worth the current $2-3 on the shareprice? .. which on NZX turned away from overhead resistance bang on $19, but has continued up to $18.78 close on ASX ($19.36 NZ)? Hard to read this share, the spike to $19 in Nov'14 was followed by a progressive decline back to $15's. Is product news enough to keep air in the tyres?
The only new thing there appears to be tax Xero tax will be separate, and the Aus customer growth which is not detailed enough other than to say they are still growing quickly.
Price spike happens every time there is an Oz conference.
My take on the recent share price rise and the previous times that they have gone for a run is that they are a very tightly held share with not too many loose shares on offer. That is why they tend to get over-bought on not too much volume - supply and demand. Over the years accountancy firms and others have been squirreling away shares for their Super funds, especially after the ASX listing so that in turn decreases the number of shares on offer. So what will happen when they get NASDAQ listing could be explosive especially if that is on the back of an increase in US customers and potential shareholders.
I have been holding since the IPO and once you get into their orbit you are smitten - Love my Xero. I've been on the ride of my life and enjoying every minute of it.
Looks like Xro will break the MA200 if it keeps going at this rate, very cool.