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With pink sheet penny stocks, they are too easily manipulated and sooner or later they are dumped. Waiting for the inevitable sell off. IMO.
Pump it up, short it, cover lower. Sell. Repeat. Over and over. IMO.
I shorted some more today of the bond insurers. Dying industry going forward. They can prop them up for only so long. I’m patient. IMO.
The market maker will pull PPS under $3 and lower sooner or later. No buying, shorting more likely. IMO.
PR is and will be a basket case, debacle for a long time. Don’t see any resolution. Litigation will drag on and on. Lawyers will continue to rake it in, and get wealthy. IMO
No way is it time to buy. The fix is in. This sell off will continue for months at least. When Syncora goes under $2, I would consider buying. IMO.
Over time PPS going much lower. No buying interest, just a lot of shorting and naked shorting going on. IMO.
Definitely significant positions heading for the exit. Curious what the naked short interest currently is. And, unfortunately with too many pink sheet penny stocks they never appear to cover. IMO.
Syncora Holdings Ltd Common St(SYCRF)
Naked Short InterestEquity Short Interest
SYCRF
- Short Volume Report (REGSHO)
All RegSho Dated reported by: FINRA
Regular Volume
Short Volume
Apr 11
Apr 12
Apr 13
Apr 16
Apr 17
Apr 18
Apr 19
Apr 20
Apr 23
Apr 24
Apr 25
Apr 26
Apr 27
Apr 30
May 01
May 02
May 03
May 04
May 07
May 08
May 09
0
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
Highcharts.com
Historical Short Volume Data for SYCRF
Date Close High Low Volume Short Volume % of Vol Shorted
May 09 NA NA NA 24,506 5,586 22.79
May 08 NA NA NA 18,047 13,900 77.02
May 07 NA NA NA 398,587 191,052 47.93
May 04 NA NA NA 534,999 7,000 1.31
May 03 NA NA NA 1,247,800 232,475 18.63
May 02 NA NA NA 453,473 149,863 33.05
May 01 NA NA NA 104,800 55,800 53.24
Apr 30 NA NA NA 72,173 25,280 35.03
Apr 27 NA NA NA 71,335 22,925 32.14
Apr 26 NA NA NA 67,035 27,500 41.02
Apr 25 NA NA NA 216,325 2,200 1.02
Apr 24 NA NA NA 133,765 43,462 32.49
Apr 23 NA NA NA 222,520 90,950 40.87
Apr 20 NA NA NA 24,177 7,100 29.37
Apr 19 NA NA NA 38,055 180 0.47
Apr 18 NA NA NA 12,895 2,300 17.84
Apr 17 NA NA NA 30,586 3,117 10.19
Apr 16 NA NA NA 27,009 2,700 10.00
Apr 13 NA NA NA 127,902 4,210 3.29
Apr 12 NA NA NA 123,910 33,700 27.20
Apr 11 NA NA NA 21,816 14,416 66.08
Since May 2, approximately 600,000 shares of Syncora have been shorted. MM expects Syncora to go lower. IMO.
The illiquidity of Syncora going forward will likely continue for months, if not years. I will patiently wait and if/when Syncora is not controlled by MM and if/when Syncora gets off the pink sheets I would consider buying, again. I’m sure many investors very reluctant to invest in Syncora at this time, when you weigh all the circumstances surrounding Syncora after almost 10 years as a pink sheet penny stock/company. IMO.
Wow, you are right. I will be buying when/if there is convincing evidence that MM doesn’t completely control this PPS/stock. Anyone know the latest short position? IMO.
Syncora being a company in runoff and a pink sheet company, I would discount Syncora 50 percent off book value, which is approximately $2.25 PPS. Syncora will go down to sooner or later depending on volume. And what the heck are Esposito and the board doing to earn their salaries at this point in runoff. Milking Syncora for as long as they possibly can. IMO
And the dumping of Syncora continues. Likely way under $3 by end of week. Pink sheet penny companies almost always are not a long term investment. IMO.
I just despise pink sheet companies. They almost always are shams or outright scams. Even if a pink sheet company is not a sham or a scam, over time MM will find a way to get your money/shares. IMO
Syncora should, will be under $3. Heading much lower. The fix is in. Short and sell off, that’s the plan. Pink sheet penny stocks are not a buy and hold. IMO.
Remember how low Syncora PPS went when Leggings Mason dumped 1.7 million shares? It will happen again when, for whatever reason, and there are many, another large position is sold off. IMO.
Many shares of Syncora shorted recently, now will go lower and lower over time. Pink sheet companies so predictable. IMO.
All bond insurers to hit 52 week low, sooner not later. IMO.
All bond insurers to hit 52 week low, sooner not later. IMO.
Now, us shorts make money. Going much lower. IMO.
Selling begets more selling. With pink sheet stocks the fix is almost always in. Syncora will continue trending lower, indefinitely. IMO.
Nope, hemorrhaging to continue for months, if not years. Pink sheet stock/companies almost always are pumped, and often shorted and dumped. Bond insurers a great short. IMO.
Pink sheet Syncora under $3 soon. After that, under $2, eventually. IMO.
And this sell off of Syncora will continue for months. IMO.
And this sell off of Syncora will continue for months. IMO.
Bond insurers a safe short bet. All of them, even AGO will be in runoff, sooner or later. IMO.
Puerto Rico will draw out for many many years, and tons of lawyers will get to make an absurd amount of money. IMO.
Puerto Rico a never ending debacle. Will eventually bring down bond insurers. IMO.
I’m still short the bond insurers. Patience pays off. Pink sheet Syncora going much lower sooner or later. IMO.
Illiquidity a problem with Syncora and way too many companies/stocks. I’ll stick to real estate and avoid investing further in the stock market for the foreseeable future. IMO.
Hoping one day to rebuy Syncora at a much lower PPS. A few retail or institutional investors will sell some or all their shares eventually. Most pink sheet companies sell off sooner or later. IMO.
It’s 2500.
And the selloff begins. Pigs get slaughtered. IMO.
Moving on, this is likely my last post. Recently sold the last of my Syncora shares. If it pulls back
significantly, would consider buying back. GLTA. IMO.
The illiquid nature of OTC pink sheet companies gives many an investor pause. It would be great if management would get Syncora off the pinks after all these years. Still holding on to some shares of Syncora. GLTA, IMO.
Like that Syncora officially merged in 2017. Beneficial when it come to taxes? IMO.
Ok Brand, lets hope Esposito and board liquidate in time. Much more will be revealed in 2018, regarding Esposito and boards motivations, priorities, and values. IMO.
Greek, it’s almost like you know me. Everything you said is correct, spot on. I am frustrated, leary of otc pink sheet companies. Happy, healthy new year and always to all. IMO.
Something fishy possibly not kosher that so many shares available at $2.40. IMO.