Gary, Nope - I didn't buy back in. My trading strategy was simply to hope for a positive news bounce before the stock tracked lower and to nail a quick 20%+. I was surprised at how quickly SYQT moved down with today's increased volume. I previously had stated my fear that the stock would move lower before seeing some press, but I certainly thought I would have been able to have sat on this puppy for more than a few days. Well, that's the game and tight stops allow me to keep playing when I blow it.
Actually, the same play might be even better now, but I won't suggest anyone try it, even though the price is lower and more time has gone by. As always, there's just no telling with this puppy. The large volume of shares out there in the possession of folks with no intention of holding long-term provides a catalyst for volatility. I imagine the MMs love this one as well.
So, as for now, the fat lady is singin' and it's time for me to re-evaluate.
Regards - Dale |
