Just Energy Group Inc. (Canada) T.JE

RE: GET OUT NOW!!!

[steam73]

 

Today is a good day to sell....if you want to give money to the shorts and speculators. 

Looking at the technicals, both the Bollinger bands and RSI indicate a significant oversold situation.  A bit of emotional trading going on today as investors try and figure out what the shareholders' right plan means to the company and digest its latest earnings report.

Cut out the noise and you will see that the company is still profitable.  They bit the bullet the cut the dividend, which shows prudence and practical management.  They must figure that the share price is undervalued and that someone else figures that too and is looking to buy this out at an attractive price.  Hence the poison pill provision. 

A bit volatile over the next week or so, but long term it should be ok.  If you're looking to cut your losses, wait for this to get back into the 9 to 9.50 range.  If you are long term, ride this out and you will see this turn around.  A monthly dividend of 7 cents per share still isn't bad in the scheme of things.

 

Steam