Robert Weinstein

Earnings Preview: Synaptics

Wow Did SYNA get crushed on Friday. If you own the stock I am not telling you something you dont already know but as a trader (and not yet trading SYNA) I thought it was pretty interesting. It fell off the bridge like they were stinking up the joint. The real question with the sell off is that they are NOT stinking up the place and in fact doing well. The market and shareholders totally fixated on guidance being lower than expected and someone thought it was a good idea to hit the panic button.

I bought SYNA into the close and may buy more into dips next week as I think when the panic fades and people see the value in the stock at "sales prices" the price will move higher