Sylogist Ltd T.SYZ

Selling in waves....

[88guy88]

the first group to sell was the divy people (young and old) that were strictly into the stock for the 8% dividend and they bailed and went to check out the bank stocks.....like BNS at 6% or so

the second wave was grrowth investors that do not like the quarter results and wanted much better results in this competative space

the third wave is just the shorts piling back onto the trade now that they know that the company is not buying that 10% they talked about and they can as of today....so the shorts are bold again and driving the price down

the first lesson I learned in investing....do not buy a falling knife stock and think you are clever enough to buy the bottom....wait until all the selling is done and then wait for momentum to head back up and then decide if its something you want to own....  :)

[NLMoose]

Second wave is incorrect as Sylogist exceeded investor expectations as their EPS last quarter was 8 cents.

[Mephistopheles3]

Your final point is good - never know when this will rebound and when it will bottom out.  I also agree with the comment that the main drop was coming from the income investors.  I'm seeing today like what happened with AQN this week - not all income investors dropped it, you now have some that are tax loss harvesting or just dropping as well.   The comment on the shorts

[cashworx44]

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