Sify Technologies Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of India-based Internet service vendor Sify Technologies (Nasdaq: SIFY  ) are soaring today, jumping as much as 10.3% on very heavy trading.

So what: Sify has been known to pop or plunge drastically for no particular reason, except maybe to celebrate phases of the moon or the fact that it's Thursday. The market-moving news this time is ... well, nothing, except perhaps general exuberance over Indian online businesses, since Rediff.com (Nasdaq: REDF  ) just announced a Groupon-like coupon service.

Now what: OK, this is getting ridiculous: Rediff has doubled in the last three months, while Sify nearly tripled. Rediff trades at 44 times trailing sales and is not profitable, and Sify's numbers are even scarier. If you have a yen for this kind of investing, you might as well buy a lottery ticket instead as there's no telling which direction these stocks will jump next.

Interested in more info on Sify Technologies? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

Read/Post Comments (4) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 26, 2011, at 2:52 PM, thunderstockfind wrote:

    Anders, comments like yours appear to wreak of utter disappointment that you did not have the foresight to invest in these stocks ahead of their continuing run as we move toward RenRen IPO next week where we will see a lot more upside.

  • Report this Comment On April 26, 2011, at 3:33 PM, Clovum wrote:

    why so negative? ...Buy a lottery ticket instead?

    you could better invest your few bucks in the stock market, 50 % change you win! ;-) that's for sure! statistics, damn statistics, and Fools

  • Report this Comment On April 26, 2011, at 8:48 PM, HQHAWK wrote:

    How many times will Motley Fool analysts attempt to scare investors from these stocks? If you go back after each time one of them soared, a gloom and doom article followed. To me it's very simple, there is a lot of room for both SIFY and REDF to grow. The number of internet users in India is about to increase dramatically in the next few years. Why wouldn't the value of these stocks follow suit???

  • Report this Comment On April 28, 2011, at 12:56 AM, ohlolalolalola wrote:

    Pretty typical for the Fools to slam a stock that they did not pick a few months ago. Buy a lottery ticket? Puhleeze... In at the mid to high twos. Do you or they think I am really going to lose money? Less than 10k shares, but I just remodeled my house on what I made (on paper) in the last six weeks. Yes, they are fools. Actually worse than Cramer. It is just such a shame that people actually pay money to these fools for their suggestions. See you in the teens, fools. Indian internet? Duh? It could never grow... A full basket of fools!!! Lola Lola Lola...

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1481746, ~/Articles/ArticleHandler.aspx, 8/30/2014 12:32:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement