SYN - Risky trade
Updated
I purchased some SYN for $3.92, based on the very high volume from Sep 28. There are things which I like and things which I dislike. I like that two analysts have a buy rating and Zacks Rank is a 2 - buy. I don't like that the stock fell so much since last year. I don't like the gravestone doji from yesterday. I don't like that the company is losing money. The company is small, it has a market capitalization of less than $10 million, therefore the odds are against it. Insiders didn't make any transactions. Return on assets is very negative, while return on equity is very positive. For this reason I chickened out and I sold at $3.99. Earlier it reached $4.13, but I was hoping for a higher price.
Note
I am really happy for getting out for a small profit. The stock closed around $2.60, that would have represented a major loss.
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