Savvy Trades and Investments

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Ouch on SYNL. Bottom line even worse than I thought. Like I said, no clue who was chasing this at $19 yesterday. After the company rejected the buyout offer and the stock had run up sharply from $14 a week earlier. Kicking myself I didn't short a few.

Not sure what SYNL management thinking. They should have gladly taken that $20 buyout offer. Of course, these guys think net income can decrease 126% in the most recent quarter too haha

https://finance.yahoo.com/news/synalloy-reports-first-quarter-2019-113000134.html