SIFY – Closing Position

After review of this telecom company, which has already exceeded my target of 100% share price growth, I’ve decided to go ahead and take profits. Hovering around the $2 mark is what I foresee happening in the share price for the next few months. Sify Technologies Inc. seems to be experiencing growth in its’ Indian market however the price action may have this already baked in to the price. From $0.81 back in May 2017 to $2.01, I would say is not bad for my first official call.