Stocks & shares buying & selling.Looking at starting up & learning.

[Eugene]

Some Milford Asset Management will probably be whacked hard, they specialise in NZ stocks and one fund in particular specialises in start ups and more speculative stocks; Xero has contributed to the stellar results of some funds - their growth fund has been closed to new investors as so popular it became too large.
A good time to by into the Nasdaq index via the QQQ fund perhaps, I will check some charts, being a good contrarian investor.

[Toasty]

Tech stocks taking a battering around the world, again. Does anyone remember 'Weekend at Bernies' selling the house and putting the money into Xero column? I can't find it but did find this: http://www.nzherald.co.nz/business/n...ectid=11135419 where he waxes lyrical about this 'fantastic' company.

Well it's just gone down 37 percent apparently: http://www.nzherald.co.nz/business/n...ectid=11238188

This kind of thing will always happen. Don't forget its still at $29 from a listing price of a dollar. Also, Xero have distanced themselves from the share price on a number of occasions saying that the only influence they have over it is executing their plan. Emotional investors are the ones driving the price up and down. And its not like Xero have fallen in isolation. They have gone down with the general sentiment on the NASDAQ.

I've taken a beating on my whole portfolio over the last couple of weeks but I am still in profit. Gotta take the good with the bad and watch the long game.

[Toasty]

so it's a bargin now - like at a sale price?

I think I detect sarcasm. But seriously it is a good time to be watching the broader market. As fear shakes out the fair weather investors I believe it will be a good time to pick up stocks where the story hasn't changed/

[Wayne]

I think I detect sarcasm. But seriously it is a good time to be watching the broader market. As fear shakes out the fair weather investors I believe it will be a good time to pick up stocks where the story hasn't changed/

Actually it wasn't.
I was alluding to the general behaviour that people buy when stocks go up and sell when they go down
but buy goods when the price goes down and stop or reduce when it goes up.

[DaveW]

Actually it wasn't.
I was alluding to the general behaviour that people buy when stocks go up and sell when they go down
but buy goods when the price goes down and stop or reduce when it goes up.

Hear, hear him.

Plus, Xero is still a net gain of 70% on a few months ago.

That NZ dollar is proving to be a stubborn high flyer though. More interest rate hikes are gonna push it through another 3 year high I reckon.

[Leftette]

Watch Wolf of Wall Street, then decide if using a broker is a good idea. Great film, btw.

[elguapo]

Watch Wolf of Wall Street, then decide if using a broker is a good idea. Great film, btw.

Who the hell uses a broker these days?

[Leftette]

Not me, after watching Wolf of Wall St, elguapo. I thought I'd just made that point clear?

[elguapo]

Shares... well unfortunately you can't really leverage banks money, unless you have real estates to borrow with.

You can borrow up to 70% on most shares.

[elguapo]

Not me, after watching Wolf of Wall St, elguapo. I thought I'd just made that point clear?

Of course, but advise based brokers as depicted in the Wolf are largely a thing of the past.

Fun fact; Jordan Belfort is now a motivational speaker on the Tony Robbins circuit. I wonder how long it will be before he start spruking real estate!

[Toasty]

Actually it wasn't.
I was alluding to the general behaviour that people buy when stocks go up and sell when they go down
but buy goods when the price goes down and stop or reduce when it goes up.

Sorry Wayne. I am a Xero shareholder from day one so you get a bit used to assuming that everyone is having a crack at you. You are right about investor behaviour. I am certainly guilty of it.

[elguapo]

Actually it wasn't.
I was alluding to the general behaviour that people buy when stocks go up and sell when they go down
but buy goods when the price goes down and stop or reduce when it goes up.

That behavour applies to houses too does it not? I've never seen anyone celebrate the price of holden commodores rising the way they do with house prices, despite house price increases leaving most no better off than they would be if there second hand car when up in value.

[skid]

Sorry Wayne. I am a Xero shareholder from day one so you get a bit used to assuming that everyone is having a crack at you. You are right about investor behaviour. I am certainly guilty of it.

Lucky you bought on day 1 and not 1 month ago
The fact that it has gone down today when the market has turned more positive is a worry----This would be a good time to lock in profits IMO

[Toasty]

Lucky you bought on day 1 and not 1 month ago
The fact that it has gone down today when the market has turned more positive is a worry----This would be a good time to lock in profits IMO

Cheers Skid. It does look a bit bleak. I think I see you on the sharetrader forum a bit?

I have already cashed out 5 times my initial investment and I was letting the rest run. It does look like it might be time to wait on the sidelines. I will see how it goes tomorrow.

[mrsaneperson]

Who the hell uses a broker these days?

You can do it all online . So presumably you need a credit card to transfer the investment funds?
I read the business section of the NZ Herald that gives me a few tips on how companies are performing. Im a complete newbie, so treading with caution.