Yep, this stock is definitely in the pathetic range. Longs right now have to believe that the stock & the company are 2 separate things which they are but hold onto that thought more now than ever.
I second that! Although we see it doesn't matter where Mr. Market is up 100 or down 100 we continue to go down. I'm sure shorts have something to do with it but the bigger picture simply is more are selling until SZYM can show the street a clearer picture of that murky road to profitability. I think that $15 price range was a gimmie last year when top line increases were in with some speculation plays too and profitability was out but that is changed & the stocks that are winning consistently are ones with top & bottom line beats & raising forecasts none of which are in SZYM's immediate future I'm afraid. Thank God most of us have other stocks that are winners and a smaller portion of our portfolio being of a speculation nature encompassing stocks like SZYM. More than half of spec stocks fail to meet their objectives and that's why they are specs & I can appreciate the camp who believes that SZYM will continue to fail to meet those objectives and so far they are right. I still am in the other camp who believes that SZYM will persist and flourish at some point so I'm long until I see proof that their strategy has been proven flawed but some technical or economic reason and I haven't seen that yet. Have a good weekend all...
Lousy stock action when the Nasdaq wants to go higher. Only 50,000 shares so far but can't we just keep steady? Trend has been up 1st thing in the am up and then head downward so maybe this is the reversal of that.
Good call - dragged our website into the 21st century. Me like it too. I enjoyed the audio presentation today and let's hope some potential customers visit that new website and start making calls and allow us to start reducing their carbon footprint :)
I agree + I'll bet for the 1st time in awhile after some possible early morning sellers it recovers. Most of the bad news was already baked into the stock this time.
Going to be interesting tomorrow as we are back in war mode again in Iraq and futures are falling. Down 25% from our June highs. 9 will be tested tomorrow.
Company is awash in RED and that is a no go with Wall Street right now. Even check out the drop In Amazon (about $100 off high). Sales are strong but continuing to lose money and no clear sign to profitability. Even the market turned today & AMZN made a come back but SZYM continues lower. Hard to call the bottom here and we all know they will put very little out in the way of a PR before next earnings so we are in the hands of the MM's, shorts and the analysts - Yuk! You can see why some of the retail & institutional investors have better places to park their money right now. Some of us have a large cut in GTAT who also has been getting obliterated lately but Thank God they came through for us tonight! They missed earnings like SZYM too but they laid out a plan to return to profitability next quarter and quadrupling that total next year.
Funny how we are settling for a smaller down day as a good day while the market is is up strong although I concede that I agree :( Truth is that most investors will consider any stock in the single digits as a spec stock and too risky while we try to believe that high risk = high reward but do not put all your eggs in 1 basket just what you can afford to lose.
A very partial sentiment but I do like it. I just wish the analysts would finally get what the company said over and over again: "Some of these original estimates had mistakenly accounted for a consolidation of the company's joint venture with Bunge (BG)" so it was easy to miss estimates all the time. Estimates should be reduced through 2014 and then consolidation begins in 2015.
Only problem is its been a steady and slow slog lower since 11:00 am. Seems well organized and committed and right now near the lows of the day.