The quick money here along with volume is drying up fast. Need another nice upside catalysts, but only after I've got my positions filled :-).
I'll start by buying 2's with my recent gains here.
VOLUME 25M, 6.6M....2.2, 2.5, 6.5, 2.2, with today likely under 1M.....Prior to recent news, this companies stock had no volume worthy of mentioning.
BOTTOM LINE: AT&T contract is priced into, if not overpriced into SYNC at least until this company figures out how to grow share value here, it's not going to matter how many contracts they get.
I'll say it again, SELL the company to a buyer who can truly EXECUTE share holder appreciation with the $300M contract.
There's reasons why this stock crashed. What's truly changed?
NO I'm not a short here, but shorts here clearly made lots of money if they shorted near all time highs. Until execution of recent deal comes to fruition, it's my opinion fair value is closer to 3 than 4.
What's the catalysts your relying on to move this stock to $5.00, or higher? Just asking, as it appears the recent news is baked in for the most part.
Short of another catalysts, additional upside will need to come from execution of recent news imho.
Always BAG HOLDERS posting their pain when smart money sold their shares near highs to them and post the reality of the stock likely to continue increasing their pain.
ps. gatto, like you I'll add lower.
I've done my DD here and there's not enough shorts here to worry about. Yes a contract popped the shares, but no expecting a rapid run in the stock again short of EXECUTION updates of contract.
BOTTOM LINE: For the most part news is baked in at 4 and unless we find more longs here in the weeks ahead, I don't see 5 for awhile. In fact, I believe volume continues LOWER and we drift between 3 & 3.50 soon.
$5.00 TODAY.........Now way my friend. Upside volume here has fallen off a cliff and will be lucky to see 2M shares today, or 1/3 of yesterday's volume. If this was heading to 5 today, volume would be running well over 1M already. Nice dip this morning and imho, if this holds 4 today, I'll be surprised.
CCXI......own it in the low to mid 3's. Initial run was awesome, but now we buy it back lower again. Same with SYNC.....heading back to 2's for another buying opportunity
LYING LYLE......Perfect LOL........
Hell of a run, but until another upside catalysts, we drift LOWER........
News appears baked in for now. Until another upside catalysts, this drifts lower.
Restrictions of same in place, but the 1 year agreement is just weeks away. REMEMBER, the stock was like a $1.50 range give, or take but now double that at least for now.
Best be aware of the details agreed upon in the FORM 8-K......
Make it happen.
Ummm, try some elementary DD small fry. SHORTS have crushed this stock from teens. What grade are you in?
See you LOWER........
What what happens next small fries.
As long as I get my mid to low 3's first.