If it drops below the level on 23rd Oct 2013, we could be seeing teens again. I think the sharp sell off is due to several things, but the main reason is the overall sell off in the tech sector (based upon the NASDAQ). If this rebounds, so will XRO.
Sure, XRO is currently highly overvalued, even on it's future earnings, but with high growth stocks you're in for a bumpy ride. I'm hoping we see a chart similar to TSLA (big sell down Nov 22) but if it turns pear shaped I'll jump out for the moment.
Long term, I think you can't go wrong, how long that will be, no one really knows. I work with a lot of small business and accountants and they all rave about Xero. Another thing I look for besides the figures/future projections is how good a place these companies are to work for. Xero is consistently at the top of it's game in this department - http://www.glassdoor.com.au/Reviews/Xero-Reviews-E318448.htm.
DYOR
If it drops below the level on 23rd Oct 2013, we could be seeing...
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Last
$128.46 |
Change
-0.610(0.47%) |
Mkt cap ! $19.61B | |||
| Open | High | Low | Value | Volume |
| $128.38 | $128.97 | $127.44 | $27.88M | 217.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $128.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $128.50 | 1224 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| XRO (ASX) Chart |