RE:RE:RE:RE:RE:RE:Fighting the ShortsCandyC wrote: AlwaysLong683 wrote: CandyC wrote: Once again I'm not trying to be a downer on Sangoma. It's a great company long term. I mentioned before the chip shortage is affecting many industries including telecom. Automakers will definitely be first in line and willing to pay steep prices. I think for the next year Sangoma is only a tradable stock for the shorts between 2.50 and 3.50. The shorts are making huge money. Here's a link about how the chip shortage is keeping stocks down.
https://apple.news/AndqZp626SsK5tloXNmSjqw
Candy, another possibility is that the chip shortage is already baked into the current share price of STC and other companies affected, so as we sit here today at just over 3.00, my guess is there's a lot more upside potential than downside over the next year.
We shall see!
Definitely a lot more upside but wouldn't surprise me to see 2.50 first. If people hold the stock it might be best to ignore the stock for 2 years and look at the massive gain at that time. Could or should be $6-10
This is perfectly fine by me. My goal has never been to try and pick the bottom and perfectly time my entry. I'm interested in companies that can deliver net income growth over a very long time. For instance, if you can correctly pick the bottom of a particular stock but the company fails to deliver net income growth then what's the point?
We don't have control over what happens to the market over the next little while. As a long term investor I'm not interested in day to day market swings but I'd rather hold a position in a strong company. One day the stock can rally big time and you want to be a part of it when it does.
If you have worries over chip shortages then you can always reduce your position but I think it's important you stay invested at all times. You just never know when the market swings in your favour.