The offering was already scheduled and at that time was a fair price. Just the way it is sometimes. Before the pop everyone would have been delighted to be closing above $3. Company is all cashed up now, science is not only intact but news expected. Everything going great. If someone bought at highs and didn't have a mental stop loss, that is on them, not the company. The very 8-k that made the pop is for now holding the price up. For LTers just a blip on an uptrend. Stocks retrace breakouts all the time. As good as the fundamentals are and are thought to be this area is a potential gift. Price wise we are right where we were on Monday and everyone was happy then. Heavy hitters (aka Kirk/XON) are filled up with SYN. I doubt he is crying about action last 2 days and I am sure there is a plan and much to come.
If you were just here for the pop, well it got the best of you and it happens, especially with emerging bios. Gotta take the downs with ups or else be more nimble. Life in the fast lane.
Best wishes to you in your future trades. Rest assured SYN is still very playable. Just need better timing if a momo trader and it didn't ring the bell for you.
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