Dunno - he was on XRO.ASX. Went up 40 cents or so after the doji on my recollection. Is 2% in a day not a bounce in your book?
Certainly beats the bank.
Anyway, I don't really follow XRO anymore - good luck to all holders :D
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Rod likes this story from FisherFunds (prob Carmel herself)
When losses mean a leap of faith
http://www.nzherald.co.nz/brand-insi...ectid=11443600
Extract Businesses like Xero are forward-looking rather than backward-looking. The success of the business is about what it is likely to make this year, next year and the next, not what it has earned and spent in the previous period. The problem is, forward-looking businesses require estimates, projections, assumptions and yes, finger crossing.
Choice! Another XRO doji on the ASX chart! And a gap from yesterday's open! :D
Good Xero article for those Buffett-style investors :
http://www.nzherald.co.nz/brand-insi...ectid=11443600
Not all companies are created equal.
Here's a view of a tech-bubble from XRO investor named Peter. Just in case some of you are worried about another one happening again soon. http://www.businessinsider.com.au/pe...ls-like-2015-2
The days are long, the decades are short.