have been a fan but today's price action as scary as the last earnings pre trading
stock should have held at 3.60 plus after hitting 4.15 plus.. no guarantees that an earnings adjustment before verizon and other deals kick in.. i only say this because of the poor action today..hope im wrong as i do have some shares..
yup. the action is highly highly suspect of insiders trading on inside information. WHy else would the stock sell off? If fell 13 cents on Friday, down 34 cents today. How much will it be down in the next two days?
I suspect that SYNC will report a loss for several reasons a) they weren't sure of the impact of Toshiba and Lenovo and b) china JV has cost money but no increase in business and c) clearly they are doing a good job with current customers but with no new sales growth the earnings could come in at negative 1 cent to 10 cents per share IMO.
Of course, that bad news could possibly be offset with better future guidance or other developments.