| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 11/22/2006
Posts: 28
|
SNCR, which was highlighed in TC a few weeks ago, had a big up day on about 4x normal volume.
After the close, SNCR released news of being in a relationship with Cingular and the new Apple iPhone.
The stock is up afterhours.
It's one to keep an eye on. I am continuing to hold it, but should correct at some point.
However, if the Apple phone gets traction, it will affect SNCR. This is a direct way to play the success or non-success of Apple's new product without buying Apple, the company and being involved with their other business segments.
|
|
Registered User
Joined: 2/23/2006
Posts: 102
|
Thanks AB. This was one easy $1.50(8%) this AM. I poached your lead to my AAPL post to stop the bleeding, but I wouldn't have seen SNCR otherwise.
|
|
Registered User
Joined: 11/22/2006
Posts: 28
|
You're welcome and it worked out better than I thought!
|
|
Registered User
Joined: 2/23/2006
Posts: 102
|
SNCR seems like a nice intermediate to LT hold to me. I'm too cynical after the past year of trading to hold anything for long but they were obviously doing something right before the AAPL news. This weeks pop is frankly one of my "setups" and too easy to pass up. It takes a certain feel for the momentum, but well worth it. This one WILL test its breakout at 15 when the newbies realize its not a rocket, where it will be a bargain. Hope to return the favor.
|
|
|
Guest-1 |