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Just Energy Group Inc. (Canada) JENGQ

Utilities Utilities - Diversified
Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.


OTCPK:JENGQ - Post by User

Just Energy Group Inc. (Canada)
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Comment by steam73on Nov 16, 2012 11:11am
366 Views
Post# 20609830

RE: RE: RE: The dividend

RE: RE: RE: The dividend

 

I have never seen such oversold levels on a stock in my life as I am with JE right now.  At some point this has to hit bottom...this is just insane.  Bollinger bands indicate huge oversold position, RSI is at 15.49 which well below the 30 indicator for fair value.  MACD Divergence is hugely negative which at some point has to come back. 

As I have noted before, we are seeing a lot of things going on right now.  JE is getting caught up in the macro events that are going on with the overall market, just went ex-div for the month and released its Q2 results (which weren't really that bad in the grander picture of things).  I also suspect there are short sellers and daytraders wreaking havoc with this stock as well.

I am down right now, but I will continue to hold and take the monthly dividend.  Let this noise sort itself out and review again in the New Year.

 

Steam

 

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