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wadegarret

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wadegarret

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Friday, 07/25/2014 10:08:37 AM

Friday, July 25, 2014 10:08:37 AM

Post# of 173936
SYNA- bought today at $76

Has now retraced from $94 in a few weeks. That's a 50% retracement of gains after the Apple win. The company is slated to make $7.50- $8.00 going forward, so selling for a 9-10 PE fully taxed going forward. The stock has historically recieved a 15 PE going forward, so a $110- $120 price target IMO. Could retrace 60% of its gains to $72, but who knows. Better safe than sorry, and you can always buy more if it retraces more.
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