Many NZ stock speculators are watching with bated breath the rise of homegrown tech stocks like Xero. The big question, of course, is who will be the next big winner?
The big gains to be made on Xero are arguably in the past, but for the smart investor there may still be some big wins ahead within the tech world. Many new firms, including those in the tools like search engine optimisation NZ industry, are preparing to go public.
Though some investors and speculators are still wary of NZ stocks in this industry, this wariness is unfounded in my opinion and may create opportunities for those of us willing to participate in markets that are undervalued due to perceived risks that don't really exist.