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Re: flemdog33 post# 59476

Monday, 07/20/2009 11:58:01 PM

Monday, July 20, 2009 11:58:01 PM

Post# of 127409
The sells of SYNJ at .0017 today happened at just about the same time as the sudden rise in AMNE on pending news. I happened to be watching both at the time, and it appeared to me that there was a rush of sells at the bid of .0017 followed by buys of AMNE at the ask within only 1-4 minutes.

IMO, some wanted to play a momentum over there, and if not for that particular issue, the SYNJ trades at .0017 today may not have happened.

I've been burned chasing in the past, so I bought 2M SYNJ here at .002 as I'm confident this is a long-term value.