Syncora Holdings Ltd. (fka SYCRF)

[InvestorPM]

Why are sellers chasing the bid.........I have to admit that I just shake my head when I see sellers chasing the bid on this stock. You watch the bid/ask for a while and you see that it is tight…maybe 1 to 2 cents off. Then all of a sudden the bid drops 5 cents and the ask follows down 5..then a bunch of shares trade hands and the bid drops another 5 cents and the ask follows.

The sellers need to wait….the buyers will buy at higher prices they are just trying to get your shares a little cheaper. Right now anyone buying shares has calculated the fair value of the stock to be at least $4 and above. This is not a stock you buy into at this stage expecting to buy at $2.6 and sell at $2.8 or $3 you cant get enough volume to make it worth while and that limited upside does not compensate you for the risk your taking.

My guess is everyone who wanted to sell today could have sold every share they wanted at $2.7 a share by the end of the day.