Tucows also surges on Demand Media news

By , April 30, 2012

Tucows has been on a tear lately, up about 55% since my last article “Are Domaining Stocks About to Break Out” a little over a month ago. After taking a bit of a breather the last couple weeks it got some renewed energy today on what I am assuming are run-off speculations that after the big Demand Media news this morning. After being up nearly 15% over part of the day, it has cooled off to a mere 10% gain on 4X the volume.

I always figured that between the Godaddy private equity deal and the Demand Media IPO that investors would eventually start scouring the corners for other players in the space and begin to understand how idiotically undervalued Tucows really is.

Disclosure: Long Tucows, no position in Demand Media

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