RE:RE:RE:closed really well
Tan4646 wrote: I was not very clear,, of todays volume over 50% came in the last half hour. I like that buyers grab some to end the day higher. Could be traders looking to sell the news tomorrow or a continuation of the larger move higher.
I don't think a bull market has started just yet. Whatever gains are made will probably be erased when unemployment rises and the economy weakens.
I also like the energy sector and think it is undervalued relative to historical standards. Tech stocks got hammered the past 12 months because they were quite frankly overvalued. I made the mistake of holding on to several of these overvalued tech stocks when I should have sold and moved on. The best gains I made over the past few years were in energy.
Sangoma also overpaid for Star2Star which also partially explains the vast drop in share price. To make matters even worse, the share count and dilution is only going to get worse with that Star2Star acquisition. I don't think Star2star was worth 30 times Ebitda.