SNCR ==> Opinions?

[mrmarket]

My friend has made a lot of money on this stock. Now he wants to know what he should do with it. What do you guys think?

[billyjoe]

Take the money and run to a bank that isn't going under.

-----------billyjoe

[New-born baby]

My friend has made a lot of money on this stock. Now he wants to know what he should do with it. What do you guys think?

PnF likes it to $45, but the daily and weekly suggest she goes lower before she goes higher. She's got an option chain; hedge yourself. Sell the $40 call and buy the $30 put. The $40 call SEPT nets you $1.70; the put costs a mere $0.90. Keep the change.

Technically, the support at $35.50 needs to hold tomorrow. If that fails, then SNCR ought to be sold off, imho. At least that would be my selling point if one doesn't take the option pathway.

[IIC]

SNCR was the IIC 100 Chart of the Week 8 days ago...But it looks so-so to me at this point...I can think of better things to invest in...Short term anyway

[skiracer]

looking at either the daily or weekly charts gives the impression of and imminent pullback soon to consolidate some of the recent gains. I would wait to see if that pullback materializes as expected and buy it a little cheaper. There must be something there as it has been in an extended uptrend over the last couple of months but waiting and getting it on the pullback and cheaper seems to make sense here.

[New-born baby]

looking at either the daily or weekly charts gives the impression of and imminent pullback soon to consolidate some of the recent gains. I would wait to see if that pullback materializes as expected and buy it a little cheaper. There must be something there as it has been in an extended uptrend over the last couple of months but waiting and getting it on the pullback and cheaper seems to make sense here.

I agree. Now what price to you think should be bought?

[skiracer]

I agree. Now what price to you think should be bought?

I don't know if i would buy it but i would look for these possible levels of support, on the daily chart, meaning that it could drop from 35.61 to fill that small gap between 34 and 36 and maybe stop there. but i think that it could go on to fill that other larger more significant gap between 32 and 30 or somewhere in that range. those look like two levels of support on the daily chart. if it did fall to one of those levels and held to start a move up, buying at either level, would have to be determined at that time after you had developed some plan for the trade which encompasses all those facets of the trade which should be made and in place beforehand.
It has been in a pretty steady uptrend which after some consolidation i think continues. being patient and catching that bottom and after some pullback is the idea but as always very hard to do.

[New-born baby]

I guess we all agree: it's a sell.

[skiracer]

I guess we all agree: it's a sell.

by the way newborn. i really didn't mean any of that stuff i said about you the other day. doug either. i was just mad and looking to hurt someone elses feelings specifically you and doug. so i'm sorry.

[New-born baby]

by the way newborn. i really didn't mean any of that stuff i said about you the other day. doug either. i was just mad and looking to hurt someone elses feelings specifically you and doug. so i'm sorry.

Ski,
No offense taken at all. God bless you, Ski. And I apologize, too. I didn't say those things with the intent to hurt you. I am so glad you haven't taken offense. And I think you are a big man to say you are sorry. Thank you.