Synergy Pharmaceuticals Inc Fl (NASDAQ:SGYP)

CAPS Rating: 2 out of 5


Player Avatar TSIF (99.96) Submitted: 11/24/2009 4:45:22 PM : Outperform Start Price: $3.95 SGYP Score: +16.20

You can read all the negative pitches on this one from my less senile fellow fools. My rationale for an upthumb goes something like this: when a low volume OB stock breaks support, the perpetrators of any hoax have to buy to drive it back up to keep their arses from being exposed. Now on a high volume stock they can't keep the prop up. On a low volume stock the tide could drive it back down as well faster than they can cover. On a low volume stock when the perps own the majority of it, however, one or two cycles of prop the drop can usually succeed.

The selling of a few hundred to a thousand shares is not expected this time of year. All but the worse Scrooge has to go Christmas shopping before all the good deals are gone.

You can believe the above crap or that the real reason for my upthumb is that I like gambling on stocks where that score leader spot is vulnerable. If you are the only green upthumb your odds of getting top spot are now only one in a Zillion on a garbage stock.

Of course lower lows and lower highs can also mean that the sump pumps have stopped working. Bail Boys…Bail!

Member Avatar TSIF (99.96) Submitted: 12/8/2009 1:03:42 PM
Recs: 0

Flipped the thumb to down 12/8/09 at $5.05. CAPS doesn't always pull down the featured up/down thumb pitches. I have no idea where/when this one will go anywhere. Volume is LOOOOooooooowwwww.

Featured Broker Partners