Sangoma Technologies Corp T.STC

Fighting the Shorts

[retiredcf]

In the first half of August, STC made the list for the largest increase in short positions on the VSX (from 667K to 3.25M). May they all burn. GLTA

[pacer217]

AS SOME ONE whio has never shorted anything, ( I believe in the glass being 70% full!) The average price of STC between late July and Aug.10th was around $3.00 , So they have made ZILCH. We will have to wait about 5-6 weeks before Q4 comes out. it will show record profits as first Q after merger. Stock will be above $3.60 after that.

[AlwaysLong683]

Yes, I belive the upcoming Q will include a full quarter of STS revenue etc., but I think that may already be baked into the cake as STC issued a PR dated July 29 giving investors a preview of what to expect. At the time it was trading in the 2.70's to 2.80's, so STC's share price seemed to get a small bounce from the PR. I think STC will really get rolling once they fully integrate

[CandyC]

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

[AlwaysLong683]

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!

[CandyC]

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

[Torontojay]

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

[skibum45]

[skibum45]

Curious where you got that number retiredcf? I see Aug. 15 short position at  833,796 shares. Is the 3.25M maybe total short volume rather than position? Just curious. 

[retiredcf]

Here's my link. GLTA https://shortdata.ca/largest-short-positions