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Topicus.com Inc V.TOI

Alternate Symbol(s):  TOITF

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across approximately 20 diverse markets primarily in Europe. Its three companies, namely Total Specific Solutions (TSS) Public, TSS Blue and Topicus are engaged in acquiring, developing and managing businesses. Topicus is a provider of consumer centric platforms and common workspaces in the realms of finance, education, healthcare and social services by connecting organizations, professionals and end users. Its TSS software solutions offers its customers financial security, strategic guidance, and share their best practices so that they can be leaders in their respective domains.


TSXV:TOI - Post by User

Post by retiredcfon Sep 16, 2022 6:15am
283 Views
Post# 34966217

Have We Reached Bottom?

Have We Reached Bottom?Another rough day in the markets yesterday although at least Converge finished in the green. GLTA
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I noticed an interesting thing the other day, with the CPI announcement in the US causing a sudden severe tech market downdraft. Tech stocks such as Amazon went down about 6% and have stayed there. Smaller Canadian tech stocks didn't however. I hold both Converge and Topicus and they are both trading higher than they were two or three days ago. Does this decoupling mean that smaller Canadian tech stocks may have bottomed? Ie. all of the weak shareholders have been flushed out and mostly long term holders now hold the shares?

It could be a bottom, but then again could mean absolutely nothing. We would not take single day moves into much consideration. That being said, small and mid caps dropped early, and historically tend to lead markets out of recession. They are very very cheap versus large caps right now, and most have domestic revenue (no worries about the war, China, etc) and many are in strong financial shape. On Tuesday the US also experienced the same thing, with small caps declining less. Sentiment has been so negative that a bottom is at least 'likely' forming. (5iResearch)

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