Right now just playing SYNA. It hasn't worked out as I expected, but looks like it's about to make a move back to where it should be. I don't want to over-trade because this market is just too strange. Normal patterns aren't playing out as they should and betting against it has been dangerous. So, play what works.
Right now I think the market is in a 'blow off' mode whereby many who are absolutely convinced it should fall are getting crushed and thus adding to the fuel making it go higher. That will end and badly. However, for now, you have to be where the action is and it seems it's tech.
SYNA as of today is now $2.4 mill short of being debt free as they have paid off 95% of their convertable. That means any hedge short using that note as collateral is now naked. Being that there clearly hasn't been any selling in the stock, I'm willing to bet we are on the verge of a major move. $27 is a bigtime resistance as I've pointed out on the Yahoo SYNA board going back to June and the near $41 high. If we break this, watch out. It should set off a short squeeze.
News 
Market Data 
Discover 
