Post by
Captain71 on Jun 13, 2022 5:17pm
Painful
Another great performance by Sangoma again today, down twice as much as the market. I believe a few of you folks were commenting on this being the kind of quality company you want to own durning a downturn. I'm struggling to see that.
I was kind of kidding when I mentioned being 25% below my $10.60 target (factoring in earnings of course), but that is looking like a real possibility here.
GLTA (we are going to need it with this one)
Comment by
Torontojay on Jun 13, 2022 8:20pm
Sangoma is a higher beta stock which typically rises or falls with more severity than the market you are comparing it to. Higher beta stocks are viewed as being "riskier" but that the potential returns may also be greater. On the flip side, during a bear market, higher beta stocks will likely drop much further than the overall market.
Comment by
Captain71 on Jun 14, 2022 7:53am
You are definitely right during market weakness. We are usually down more than the market. Does not seem to hold true on the upside though as we are most often up less. I do see one positive on the technical side of things. We may have made a double bottom if we trade higher today. Let’s hope so.