Big LOSS not lose.
Well I no longer believe $10. was the correct valuation back then. I do believe management torpedoed their own company right after they sold shares and then bought back many shares after the drop. What does that tell me. They are NOT looking out for shareholder value. I think I'm done following the company for awhile.
I'm going to hold. My buys seem to have been mistakes. Everything I read showed a company worth $10. a share. I'm retired with too much time on my hands. I think I'll stick to fishing and coin collecting. No more day trading for me. This was originally supposed to be a day trade. It's turned into a big lose so far. The idea is a good one but we will have to see where the industry takes it. At this point I'd prefer a buyout will ANY gain. Good Luck!
I knew all about Lebed before I bought SYNC. I never followed him nor received the emails everyone seems to get. I'm from NY and remember reading about his shenanigans when he was a kid. I began buying SYNC on 9/21/2012 when it was 7.72. I added 26 different times. I won't even bother to say anymore how many shares I own. It is nothing to brag about that is for sure. I'm under 6 cost basis and can only hope it goes up. I did NOT get duped by Lebed though. I did my own DD through Fidelity. I don't claim to be the best investor as others do.
Don't allow yourself to be woti'ed by weak hands. Hold your shares and make money.
It's not like you got woti'ed. You bought lower then you sold and made money. You'll have time to buy in again before the next news.
weak hands always lose. Stay woti free for your financial health