I dont hold, but always considered buying at more reasonable...

I dont hold, but always considered buying at more reasonable prices. Always wondered why it was so expensive, yes they are getting many customers and market leader, but after looking at the results still confused how overpriced this stock is.
It has premium on its price b/c its a market darling and institution loved it. But l fear the bubble has burst and Mr market is in bad mood with Teck stocks.
The results in summary nett Loss $8.3m vs $17.5 Profit last year and cost increases,
I have lost heaps on ZIP and XERO definately a different beast and a great company but valuation scares me even after a 11% drop.
I remember the Tech wreck in 2000 when stocks like market darlings Davnet and many other hit dizzy heights most dont exist anymore the market absolutely savaged most tech stocks falls 70% to 95% and many went bust.....Xero is definately quality company but the market will judge what its real intrincic value is during this correction...Good luck to all, the market is getting cheaper, but caution, preservation of capital is important in these uncertain times