GREY:SYXXF - Post by User
Comment by
AimHigh8on Mar 22, 2014 4:34pm
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Post# 22356070
RE:RE:Synodon - has the tide turned?
RE:RE:Synodon - has the tide turned?
Yes, that wasn't a lot of fun. I've owned this stock for the same time period. Difference this time around is the company is starting to break through the tough bureaucratic skin of the major oil and gas companies and is signing them up to new and/or expanded contracts. I've had other promising investments that never managed to turn their great ideas into actual sales mainly because the majors are just so damn slow to adopt new technologies. There is also talk of the company nearing profitability, maybe even this year. This rise in share price has a whole different feel compared to that rise last year....there is a lot more volume behind this ascent. There is also the comment Brent Cook made on BNN in early March when he made Synodon one of his Top Picks.....something to the effect of "we now know the technology works and this is probably a good time to get in". That seemed to get the market's attention and almost immediately spiked the volume.
Yes it's true that I, as well as anyone else, has no idea where the stock price will be in the next year. That is always the risk but one I am willing to take at this point in time with this particular company. Patience and progress are the key words here.
Here's to this company forging a new path going forward in 2014.