Even we were surprised by the fast price rise, the shares jumping as high was $1.89 not long after we sent out our free Take Stock email.
We never know what will happen to share prices in the short-term.
That’s one reason we like the buying in thirds, an approach we recently introduced to Motley Fool Share Advisor subscribers.
There’s also no right valuation for a company, it always come down to opinions on growth rates and other valuation factors.
Melbourne IT has guided for a 10 per cent rise in EBIT this year. We think they could be being conservative.
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