Friday, June 17, 2011

Share Price Alert: Xero Ltd 2



Xero Ltd [XRO.NZX] stock has taken a beating since its last Share Price Alert back in January. It was noticed back then because the share price had risen 40% in less than two months to trade at $2.91 on January 12 2011. This was an over-exuberance of buying from "insider" tech heads and nerds after a more pleasing 2011 half year result.

Since then though the share price has pulled back 71c to close at $2.20c or around 25% yesterday in a overall market that has gained around 15% since January.

As I said in January this share price could not be sustained but of course the big pull back in share price means the company looks more attractive to those who were looking at getting in.

You might expect a further pull-back as global markets look set for another down period on European debt woes so be patient if you are looking at adding this to your portfolio.

Look for support at around 2 bucks but patience will be the key to a relative bargain.

Share Price Alert Series

Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


Xero Ltd @ Share Investor

Share Price Alert:Xero Ltd
Xero Ltd: 2011 HY Loss looking promising
From Xero to Hero?
Stock of the Day: Xero Ltd
Rod Drury ready for the long-haul with Xero
Share Investor Interview: Xero's Rod Drury
Xero Ltd: Download full Company Analysis
Rod Drury on Xero and Growing Business
Xero set for surprise to the Market?
Love Xero?
Share Investor's 2010 Stock Picks
Stock of the Week: Xero Ltd

Discuss Xero @ Share Investor Forum
Download Xero Company Reports


Recommended Fishpond Reading
Crisis: One Central Bank Governor and the Global Financial Collapse

NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill
Fishpond


c Share Investor 2011

2 comments:

  1. I am tempted at this price but will wait for some weakness via poor global economic news.

    ReplyDelete
  2. You know you want to buy Darren :)

    ReplyDelete

Comment on Share Investor Stuff