I strongly believe this is insider trading again on inside information! This happened on the 19th of February one day before really disappointing guidance on the 20th of Feb. There was no news at all.....and the stock tanked anyway. One day before earnings.
So here we are again ladies and gentleman. One day before earnings! One day! No news of any kind. Nothing. Nada. And the stock is having its head ripped off? Why? What do THEY know we don't? Like I said, I have very little doubt IMO this is insider trading.
I've said it before and I'll say it again; Management is SLIMY!
Has nothing to do with insider trading as you'll see no filings indicating that. Further, this close to the earnings announcement, insiders are not allowed to be trading the stock.
What took place is simply the way the market works these days. The stock was oversold, there was (finally) some positive news, daytraders swooped in, drove the stock higher than it should have gone, and people were exiting for their quick profits, and continuing today in that they don't want to hold through earnings.
The one thing that the action is not a result of is insider trading. For someone to say that, they have to be pretty naive.
Ronnie pretty boy got down on his knees and after blowing the bankers who control the institutional funds that buy/sell sync, Ronnie boy told the bankers what the Q1 numbers would be. Then, after the bankers cleaned up, they told their slave to put out some BS PR w/ a big name so they can manipulate/short more and more. Don't trust Ronnie. He doesn't care about retail investors. Just himself and his masters.
I don't agree with you normally alahx - but I gotta agree with you here. Verizon news to $4.17 - no reason bloodbath drop to $3.30? Comon - this stock is kind of a joke, it's really hard to take seriously...or invest in seriously...
And remember savethismail, last earnings when then stock declined big time the day before earnings......the stock THEN proceeded to tank 50% AFTER earnings. Yeah, no insider trading there right? Yeah, right no one knew anything the day before.
Man, these guys are incompetent. Even an amateur like me can see the manipulation and pattern here. Just wait, you'll see. Tomorrow WILL be disappointing (lots of new costs with no new revenues in the quarter) and the stock is going to tank. Which only one set of people would know this FOR CERTAIN: Hence, the selling TODAY instead of tomorrow.
JUST LIKE SOMEONE SAVED THEMSELVES LAST QUARTER, SOMEONE IS SAVING THEMSELVES THIS QUARTER FROM A STOCK THAT IS GOING TO GET HAMMERED!
Keep this post at the top for today and tomorrow. Hopefully it will alert the SEC that insider trading in SNYC could potentially be rampant. IF there is lame news again tomorrow after this major pre-earnings sell-off the SEC needs to get involved IMO.