GREY:SYXXF - Post by User
Comment by
CHINVESTMENSTon Aug 25, 2014 12:48pm
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Post# 22875140
RE:RE:RE:slow and steady wins the race....
RE:RE:RE:slow and steady wins the race....
I've already formulated my own predictions on the share price. I say we're hovering around the bottom right now as I do not see it breaking 20 cents. Based on past statistics Synodon likes to form an uptrend and rally anywhere from Late August to March of the next year. I expect news within the next few weeks if not this week. Based on recent years we almost always have news either late August or somewhere in September. My prediction is that we get news on some new contracts and then we see record breaking Q3 financials. This should make us have a rally before the year end. Indicators show that we're hovering around the oversold area so statistics say we are undervalued. I also predict that the sheep have worn out hense why there is very low volume. We formed a down trend on low volume because of the weak investors.
I believe low volume is a sign that we have solid investors not willing to sell to the stacked bids in the low 20s. Sure we'll see the occasional investors sell for peanuts but as of right now all I see coming is an uptrend. We're basically at the same share price before we knew about all of these new contracts, new devices being built, new app, etc. Now is the time to pick up before the Q3's. Continue to add to your stake before we rally. I think we will have a postive EPS this quarter as like someone has mentioned we are predicted to be 4x our previous years revenues. Q2 alone was a substantial increase in revenues compared to last year. Good luck.