from...

from
http://www.********.au/2014/10/14/x...s-plunge-further-heres-what-you-need-to-know/

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Xero’s operational update last week disappointed some investors and analysts that were hoping for a better result from the group’s US division. The conundrum is that Xero’s shares closed flat the day after the results were released, indicating that the subsequent fall can’t be all to do with the results.
Alternatively, I believe speculators are leaving the stock after the share price failed to bounce from a low in mid-September.  The other query hanging over the stock is 10 million shares that will come out of escrow on October 16. Should holders sell, we could see the share price fall further, however this could be a great long-term buying opportunity.
As a positive side-note; any company delivering a 76% increase in paying subscribers year-on-year must be doing something right.
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