Agoracom Blog

SelectCore (SCG.V) Is New TSX Venture Tech Darling

Posted by AGORACOM at 10:08 AM on Monday, May 9th, 2011

Incredibly interesting to see how tech companies on the TSX Venture Exchange are stealing the spotlight from junior resource companies as the new high fliers … I also think it’s fantastic that we are seeing real value built outside of the resources sector.   If anyone believes in long-term tech, it is us … and I’d prefer a TSXV with variety.

Oddly enough, I’ve had SCG on my watch list for a week now but still can’t be into these meteoric rises.  By 10AM, SCG is up 29.6% on 4M shares.  Congrats to anyone riding this bull … but remember to take some money off the table.


2 Responses to “SelectCore (SCG.V) Is New TSX Venture Tech Darling”

  1. AGORACOM says:

    Mike, first congrats are in order for being so early and making a mini-killing. You almost sound too disappointed. In my opinion, SelectCore is following an Intertainment pattern (and many others I’ve seen). I wouldn’t chase here at all … but sit back and wait for re-entry especially as we get into the summer. The chart is parabolic, so don’t be surprised to see a drop back into the 40’s on exhaustion.

    Caveat – I don’t follow the fundamentals closely, so you’re on your own there.

    Let us know how you end up playing it!


  2. mike tennant says:

    I had just over 200k shares at .07 and traded up to 15 and out at .20There was a leak 1wk. before they came out with their report.I was hoping to see some sort of range develop………..and re-entry.What do you think?
    p.s. I’m trying to do more research on the next top 50 for the tsxv.Any hints for my research?