Dale -
I guess I'd sleep better if I'd held everything and sold at 5 3/4, but it could be worse - recovered ALL my SYQT losses and then some - all in under 10 months.
I'm sitting the rest of this one out. I have no idea what's driving this anymore. We're heading for 240 mil shares, so even blow out earnings won't justify a $5 price. And I don't think we'll even see break even for awhile.
I'm rolling into NUKO @ $2. Beaten down but not out. Considering a risky investment in PNCL @ 3/4 (been in and out a couple times already). Same with BICO @ 3/8. My favorite, though, is NUKO. No debt, 11 mil shares out. Decent prospects for a MAJOR rally in the next 12 months. I'm talking $20 a share target. Going for 50,000 shares on this one. Do the math.
May be back into SYQT if/when it drops below $3 again. If/when it starts falling, though, stand clear - it'll be a stampede. I'm amazed at the continuing comparisons to last year's run from $5 to $18 in a few days (my first major SYQT profit). Don't people do any due diligence anymore? 11+ million shares made for an easy runup on takeover rumors, with a peak market cap of about $200 million. Based on todays close, we're at about a $350 mil market cap, and that's based on the most recent shares count of about 60 mil. Since 120 are already authorized and spoken for, we're practically at $700 mil ($1.4 BIL if you assume the additional authorization being requested).
Has SYQT really improved it's shareholder equity or sales that much? (rhetorical question).
From a (momentarily) retired SYQT bull. Love the company. Just ran up too much too fast, without any change in fundamentals.
Regards to all - hope everybody makes a bundle,
Joe |
