How bad are we undervalued???Let me tell you how sick these markets are. Daylight energy--day- 4.59 , just got bought out for 10.08.
Being from alberta, I knew its real value, did my due diligiance, but could not figure out what I misssed. I doubled up at 6.50 for more pain. This take out says how crazy with fear the canadian market is. Its true value is way above 10 bucks but us little guys are just happy to get our money back, while china's sinopec robs us blind. In this twisted market, we had 9 million shorts against us.
On tuesday, I will enjoy watching the shorts get killed. Heads up--for day traders as there should be some short covering drive us up above 10+++
I own so many juniors who's value is like the above valuation---disconnected from reality, I have almost giveup trading.
I am looking at real estate because the lack of rationality makes investing fool hearty.
Sorry for venting on this board---but i am telling everyone this story as it says how unervalued atc really is.