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You have to put yourself in Lebed's shoes and keep track of his cash. How do you do this? Well, nothing is set in stone so you have to go by the clues. At one point NIA had over 700k shares of SYNC. Additionally, he pumped BVSN on 6/14 and there was a massive short cover the next day. Was it NIA covering, who knows? But if it was, that means NIA has more ammo that we can even imagine. I'm guessing NIA has the cash to buy a million shares of SYNC and they could very well do that over the next four days coming into earnings. Furthermore, if this thing tanks now NIA/Lebed will lose most of its followers; why scrape brokerage accounts now when you can do it on a grander scale later and on different securities in the future. He would be screwing himself if he was out of the game now.
Lets say NIA did dump all their shares. It doesn't mean that they can't buy them all back between now and Wednesday. Look at the flush on 5/21 and look at the run SYNC went of right after. All I'm saying is that between now and earnings we should see some bulls come out as the projections for SYNC are to beat earnings. I'm just a little worried about the candle that formed today because unlike 5/21 we did not see much buying after the flush. I'd pay attention to pre-market action tomorrow and look for a gap that holds.
Hey Rick, what do you think happened today? What are your thoughts going into earnings here? Would like your opinion when you get a chance. Thanks.
Then we wouldn't need stock charts
Hurricane Rick, your the best. Love what you do with the charts!
Could you annotate another 5 min SYNC chart with stockcharts.com please; the last one you did was very helpful! Thanks in advance!
Looking at the AH action I only see 5-7k shares sold. I wouldn't be surprised to see the price around where it is now tomorrow morning and Lebed do a big pre-market order about 15min before the bell. Trap them shorts! Remember, Lebed/NIA has a lot of extra cash to keep this thing going!
your right, I'm right. who cares as long as this thing moves up!
good info, good insight. thank you turbo
I understand where you are coming from, but I doubt that Lebed cares about the few pennies per share that he might have lost from touting BVSN. It's not about money Joe1984, it's a pride issue with Lebed. He wants people to see that hes "the best stock picker in the world" and if it takes a few pennies per share to do that then so be it. Think about it, this guy probably shorted BVSN from $50 so .25 or .50 per share loss is worth him being right. Now does it make a little more sense?
Last I heard earnings were in July. Did that change?
@ basketball14
I can't personal message you because I don't have a paid acct here, nor will I spend $10 to essentially send emails back and fourth.
Anyway, to answer your question:
"Do you set a stop loss or stop limit? What is the difference between the two? Thanks"
The answer is "yes and no and neither". If I have access to trade the answer is "no". If I don't have access to trade then the answer is "yes". If the you don't think that you have the discipline to pull the trigger then you should have one in. For example, I would put my stop loss right before the previous days low. In the case of SYNC it would be around $13.15. If it breaks its current continuation pattern then all bets are off and I am out and will get back in at a lower price or the same price if it rebounds quickly. I don't use stop limits unless the stock is not liquid (usually in the OTC), otherwise I use a simple stop; MM's can gobble up my 12500 shares no problem. If you don't know the difference between them I suggest you go to http://www.investopedia.com/ because I am not a teacher.
When you cover your short you are essentially buying shares, thus raising the share price if you have a large number of shares on a stock with avg volume of around 200k like BVSN. Please look at the latest article with Synacor mentioned in it. Got it straight off Google news just now; it should answer your question about the share lockout. The Aug 8th date was just for Intel's shares I think, but I'm not 100% sure?
http://www.streetinsider.com/New+Coverage/Albert+Fried+%26+Company+Starts+Synacor+%28SYNC%29+at+Underweight%3B+Several+Positives,+But+Shares+Overvalued+After+Run-up/7486401.html
I think the stars are starting to align on this stock. And here is why.
1. Lebed's lockout of 350k shares is ending in 3 1/2 trading days and he wants this thing as high as possible.
2. On Thursday 6/14 Lebed sent out an email touting the beaten down BVSN. The next day BVSN exploded on news that Microsoft was buying Yammer. Yea, OK... This is obviously him covering his BVSN short making the low volume stock move, thus giving him more buying power. Others followed suit in the following days.
3. On 5/30 Lebed sent out an email stating his "third party" added an additional 351k shares; disclosing to us that the "third party" has the cash to buy at least an additional 210k shares because his last email on 6/30 states that the "third party" only has 141k shares.
4. The institutional investors are coming out of the share lockout mid July.
5. There are 2.6 million shares short
All I'm saying is Lebed has a lot of ammo to fire at this thing with the free cash from a BVSN short cover plus at least another 210k shares. It's not hard to see how this thing might easily get squeezed next week and go parabolic. And forget about it if SYNC comes out with good news; who knows how high this thing can go and we all know there hasn't been any news in a long time. If this thing breaks out expect it to be sold and shorted again to $15-$17 before earnings come out where you will see this thing go a lot higher with a positive earnings surprise. Starting to see a very similar chart pattern to BVSN and the stars are lining up IMO.
Currently 12500 shares long at $11.55
I urge everyone to put a stop in after today. Old resistance of $13.10 should now be support. A stop at $12.90 should be a good spot. I personally put mine at $13.39 but that's just because I keep my stops tighter than most. Go SYNC go!!!!!!!!
I'm going to make a bold prediction!!!! SYNC at $17-18 within 2 weeks. If the bulls come out of the pen we should see this, I hope!!!
Looks like I was right. And no, I don't make this $hit up. I look at both the technicians and fundamentals and place my bets accordingly. I noticed there was increasing short interest in SYNC and I also know that NIA/Lebed want to keep this above their entry point of around $8.80. If this closes below $9 we should see $8 real soon but I doubt that it will go below $8 because there is a lot of support there.
Personally, I am long 10,000 shares averaged in at 10.30 so I don't want to see this thing at $8 anymore that you do. All i do is tell it as I see it. Go SYNC go!!!!
INTERESTING MONDAY AHEAD: PLEASE READ
As we all know, SYNC is Lebed’s latest NIA pump and it’s been a roller coaster so far. Friday’s action squeezed a bit at the close so this one was weaker Friday than the chart lets on. They have big money into this, over $3 million so big shorts are going to try and force NIA’s hand. It’s the Wall Street bull versus bear and whoever has deeper pockets will win on this one. If this range starts to slip I don’t see $9 holding again so key the low $8's as support.
ATTENTION ETRADE MEMBERS WHO HELD RSRS SHARES THROUGH THE MERGER:
As you know, etrade took longer to exchange RSRS shares over to DIDG shares than all the other brokerage firms because they opted out of electronic transfer from the transfer agent. Because of this we were unable to trade our shares for weeks while we saw the share price plummet 50%. I am working with another member in this forum to pursue litigation against etrade, however the attorney needs more names of people who have been financially effected by this. If you or anyone that you know has suffered a financial loss and would like to be part of this litigation please email me at atwell.luke@gmail.com as we are in the beginning stages of putting together a lawsuit.
Finally completely out. Averaged out at .55
What a complete waist of time and money. If thins thing shoots to 1.00 tomorrow I will seriously be pissed....
Check Lebed's Twitter acct. He was pushing BVSN since last Sept. Look how long it took to break out. Lebed's "thrid party" is going to push this thing into earnings this July and start dumping soon after, IMHO. See link below:
http://twitter.com/#!/lebedbiz
Get on board my friend, the more disgruntled customers the more likely we are to see results.
You said that you have a firm that may handle this correct? My buddy said that things like this often get handled through arbitration so we may see money sooner than later, but may not see all the money we request is owed to us. my email is atwell.luke "@" gmail.com
Send me an email, i have 3 others who are willing to get on board...
I just received an email from aimhighprofits.com It looks like they copy and pasted my post from yesterday. LOL
@ bleu22 This is exactly what I what I said yesterday. I just got off the phone with Ryan Ogden, Supervisor for corporate actions at etrade, and he said that shares were received intraday yesterday. This is a bunch of BS, I'm trying to get a class action for this but need some help. If anyone is on board email me at atwell.luke "@" gmail.com
@horizon7 Etrade just delivered my shares this morning. I'm still pissed and want to bring litigation. Let me know if you want to join forces on this one!
No problem. As soon as I hear from Ryan Ogden I will post the info.
ATTENTION ETRADE SHAREHOLDERS!!!! I have done some digging and have some useful information regarding the name change share transfer for DIDG.
I called Digital Development Group and spoke to Brad in investor relations; his # is 1-800-783-3128. He told me that all the shares have been released to the transfer agent. The transfer agent is Action Stock Transfer located in Salt Lake City, UT and their number is 1-801-274-1088. When I spoke to them they said that they have released all the shares to every brokerage firm accept etrade because etrade did not sign up for electronic transfer of their shares while every other brokerage firm had. Manual transfer takes 4-6 weeks and as of today they have not received any of the old RSRS shares from etrade!!! I then called etrade corporate actions and spoke to Ryan Ogden who is the supervisor in the Atlanta, GA office. This man knows nothing about the situation and said that he would get back to me later today because he doesn't know which etrade office is holding the shares. I will keep everyone posted on the situation and hope that you utilize the information that I have given.
Lastly, I am considering litigation against etrade. Does anyone know a firm that might want to handle a class action suit; I am very pissed at etrade at this point as well as you should be if you are holding shares with them.