XRO tumbled -13% yesterday after the cloud based business and accounting platform provider released its full year result, an 18% increase in revenue while strong was below expectations and the stock was vulnerable being priced for ongoing significant growth. Also the current extremely fragile sentiment towards the tech sector didn’t help, at this stage we will be patient but ongoing weakness back towards the psychological $100 is likely to see us increase our holding.
MM will consider increasing our XRO position ~$100
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