I also have day trading restrictions, having been out of the stock market for more than 10 years, I did not know about the $25K requirement for day trading until it was too late. My 90 day restriction expire in min-July.
So, I bought what I could of SYNC stock, taking advantage of the margin that was available to me. I saw it rise and fall and rise and fall again, making a few trades along the way to lower my average price. Now my portfolio is at $31K and I am long with 3400 shares (using some margin) of SYNC. Now that the portfolio is above $25K, I do have some day trading allowances, governed by my Intraday Buying Power. I have just recently flipped GWBU, but only taking a long position for an hour or so. For good reason, I have very little faith in those pennies.
Don't sweat it too much being tagged a day trader. Take it as a learning experience and take the time to learn as much as you can. (Knowledge + Guts) * Patience = Money. Personally, I ask a lot of questions and the people on this board (and a few others) have been great.
I think Synacor has a great future. Whether that future translates into a stock price of $20, $25, $30, or more is something that we will have to wait to find out. Patience is paramount.
My rant about downgrades: An analyst can say a company sucks, and people will believe them, because as a society we are taught to trust professionals (doctors, teachers, lawyers, etc.) However, when a company consistently beats expectations, analysts look like complete idiots when they downgrade these "best stocks". The analysts DO have to be careful, as their credibility is their most valuable asset. Without public faith, an analyst is useless.
Andy
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