SSNC -- a company in the Huge One's Thanksgiving data dump

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  • SSNC -- a company in the Huge One's Thanksgiving data dump

    After researching it, I love this company. I bought it today when it had started to come back from a dramatic early morning 8% slide, which I attributed to profit-taking. SSNC had gone up about six dollars in less than three days. I bought it at $29.39. It ended the day down 12%, down to $27.84! As far as I saw there was no news, giving more credence to profit-taking. Since the stock appeared in the Huge One's data dump at a much higher price, and since I liked it a lot back then and saw no changes to the fundamentals in the last ten hours, in my own personal opinion, I believe it to be a great buy at this price.

    SSNC was not only in the Huge One's data dump, but just released a very good earnings report, Among many things I saw after research, I like the following things about the company: The measure of relative price change and consistency is very high, the previous day's closing price for SSNC is significantly above its 50-day moving average and it's quarterly earnings estimates were just increased by an analyst. While the PE is a bit high (37), it does have high institutional ownership and I believe a very good risk/reward ratio.

    Like the Huge One I will not flat out make any recommendations. However, in my humble opinion, I think that anyone who buys this stock at $27.84 tomorrow will enjoy a very happy new year.

  • #2
    I note this post has 67 views but no responses. I certainly hope some of you (if not all) are 'silent partners' with me on SSNC. It is up almost 7 1/2% since I bought it a week ago. Hopefully some of you got in after me at $27.84. If you did buy at that price last Tuesday, as I suggested you look into in my above post, you would be up over 13% in four trading days. Not bad, people, not bad.

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    • #3
      Glad I bought this puppy. Up about 12 - 15% today alone. Thank you Huge One for having this in one of your recent dumps. I am trying to unload it today for a 19% profit. (Bought it at $29.39, looking to sell it at $35.00) Hope others took this ride with me.

      (For some reason I am unable to cut and paste the news story, but the jist of the matter is they issued a press release yesterday after the bell which raises guidance for the fourth quarter from .23 to .26 cents per share to .27 -.28 cents per share. Management says all facets of company running on all cylinders heading into the new year.)

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      • #4
        Huge One,

        Thanks for pointing me towards this great company which was in your Thanksgiving data dump. Although it didn't make your top five back then, I looked into the company and really liked them. As you see, I bought it at $29.39 in the end of November. I see it is now your recent selection. I hope all who buy it now enjoy $ome nice profit$ a$ well.

        When I have time, I will once again look through your data dumps for other gems (which don't necessarily make your final selection or top five.)

        Thanks again,

        The Kid

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