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rockraider3

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rockraider3

Re: Andecker post# 10454

Monday, 03/18/2019 12:00:43 PM

Monday, March 18, 2019 12:00:43 PM

Post# of 11618
Syncora is certainly under a blackout period. The board, nor any other insider, is propping up the share price.

Directors would have a lot to explain, if they are trading during both a QE earnings and a M&A blackout. Doubtful they would even be allowed to continue any previously planned share activity.

This is not to say that the share price can't decline after the 10 day threshold is met. But it clearly isn't an insider keeping the price above $4.50/share. A lot of people are hanging around the hoop here. Even a pessimistic view where Syncora is only worth $5/share returns 10% over a couple month period with very limited downside risk. Snowball knows this, and he's accumulating.
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