RE:RE:Double top on RSI of 52.11profitprophet1 wrote: Oh, I know! If it doesn't hold 6 bucks it goes below into the 5s? Am I right? Just an FYI for technical analysis fans out there. Boyd was showing absolutely terrible "technicals" back in 2008. Had you purchased at that point you'd be up nearly 9000% at this time. I'm not saying technical analysis is never correct. Hey, I've got a decorative clock in the basement that hasn't worked for 5 years yet it shows the correct time twice a day.
My advice is to ignore the daily fluctuations and ask whether Sangoma is a viable growth company. In 2, 3, 5 years will the price be much higher? I'm very confident the answer is yes.
Good luck to all. My technical analysis says it's a great day to have a great day.
I don't think that was his point. He is stating the obvious. If it doesn't go up, it will go down. As for what it will be worth in 3 years? Who knows but I am hoping it's higher. In the meantime I guess your cash JUST LIKE MINE IS DEAD MONEY as this trades at .90 presplit...Until I see a clear reversal I am not even Dollar Cost Averaging yet. I don't have a big weighting in tech but what I have, I invested it elsewhere and the last 3-4 months have done great. Gl!