Glentel Inc GLNIF

Noise or Breakout?

[jsbarnby]

This thing has been trending hard downwards for a while now (on what I see as very strong fundamentals) but it had a decent day today on light volume. I have been bullish on this stock since I bought it a year ago.
Any opinions?

[Robert40]

I see it going below $15 due to A) losses from business centre, Retail is subsidizing business for long time. 2) Being reseller import costs of hardware going up 3) Global economic situation uncertain with Euro, Iran, US debt  and retail shops in USA will suffer 4) less money in jeans as natural gas and oilfield sector flat 5) people waiting for iPhone5 and iPad3 won't buy it now.6) brain

[Waterboy4]

Well Robert40, things never cease to amaze me at times. Has anyone noticed the executive reorganization at Glentel? https://www.glentel.com/en/about-glentel/executive-team/ It would appear that after many successive quartly losses, the VP of the Business Division Dan has been shifted into Marketing where he will be able to do the least amount of damage. Congratulations to the Skidmores for finally

[Robert40]

It did not surprise me at all , what took me by by surprise was it took 14 years!!!! ( since 1997) to detach emotional side from business side. This change is effective from 10th November 2011

[Waterboy4]

Isn't it a little strange that there is no announcement or Sedar filing? One would assume Dan was an officer of Glentel and any change in title would require an official disclosure. Or am I wrong about the Canadian equivalent of the SEC?