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Syneron Medical Ltd. Message Board

  • comresdo comresdo Nov 29, 2004 10:34 PM Flag

    What about the unlocking of shares

    in January?

    Boy, was I lucky to sell my position, I was hoping for $34.55 today but they will probably cut through that like hot knife on butter.

    I expect it to consolidate in the 29's and then drift to the 50 dma (23.60).

    Any thoughts?

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    • better are your thoughts on why it would consolidate in the 29's and drift to 50dma on this product news that has made ELOS only 300,000.00 so far?

      • 1 Reply to bidnaskn
      • The reason I say the 29's was that twice before the pps bounced off there. So, my conclusion is that that is a great support.

        The only reason that I say it might drift further is that you are going to have more shares being unlocked in Jan (if I am not mistaken)thus that will have the pps being under pressure.

        I also wouldn't doubt it if hedge funds take advantage of the delay to steal your shares. In the past, people look for the 50dma as institutional support.

        And remember we were running on momo/euphoria/low float.

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