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Simple math folks.

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turbosig   Tuesday, 05/15/12 03:47:51 PM
Re: None
Post # of 7273 
Simple math folks.

With every trade, the float slowly changes hands. With each leg up, we retract a little and bring in new owners.

These owners get less and less frisky as they become more experienced. Soon (why the 90 day rule is effective) is that with consistent volume of 1M+ a day, the float will trade roughly 9x over the next 90 days (on average, perhaps more).

Add to that the fact that SYNC is not a fly by night company, but a real value play.

With the level of trading that has occurred recently, the highs can only get higher and the lows, well higher (relatively speaking).

FYI: Anyone suggesting technical or otherwise simply doesn't understand the game of value stocks is a tad different than pumping a shell company.

I wouldn't ever set out to hurt anyone deliberately unless it was, you know, important - like a league game or something.
Dick Butkus
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