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Stock Picks Bob's Advice

Friday, 21 December 2007

Synchronoss Technologies (SNCR) "Trading Transparency'

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on my information on this website.

Yesterday I made an 'oversized' purchase of shares in Synchronoss Technologies (SNCR) as a 'trade'. This morning, with the market up strongly, I undid 2/3 of that position, selling 400 of my 600 shares at $37.77. These shares were purchased yesterday (12/20/07) with a cost basis of $35.98. Thus I had a gain of $1.79 or 5% on this purchase. Since I still like the numbers and the stock in general,

SYNCHRONOSS TECHNOLOGIES (SNCR) IS RATED A BUY

Since I generally like this company and the stock is acting well, I didn't sell my entire position and still have 200 remaining shares in my trading account. I am extremely novice (even more amateur than my 'disciplined' trading strategy approach) at these short-term trades and am feeling my way through these. Overall, I have had as many flops as successes with my "trades" and do not claim any expertise at all at this process.

I wanted to update all of you on this as I always want to share with you what and why I am doing. I look forward to hearing some of your comments either here on the blog or email me at bobsadviceforstocks@lycos.com if you have any comments or questions.

Meanwhile, be sure and stop by and visit my Covestor page where my overall trading account continues to be analyzed, my SocialPicks Page where my stock picks are reviewed and my Podcast Page where you can downloan an mp3 of me discussing some of the various stocks and my thinking behind their selection and portfolio management strategies. You might also hear me read a poem :).

Have a great afternoon and a wonderful Christmas and New Year Holiday!

Bob

Posted by bobsadviceforstocks at 1:29 PM CST | Post Comment | Permalink

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