Buy Synaptics (SYNA)....

[njfan47]

The stock has pulled back nicely from a high of $93.27 to $82.10 at Friday's close and is poised to grow rapidly with their fingerprint technology.

The recently signed contract with Samsung is just the beginning. The takeover of the Validity Sensors business was a key strategic move for the company. This stock could hit $100 in the next six months and $125 in the next 12-18 months.

A better investment than the common stock might be the January 2016 calls.

 

[njfan47]

Barron's Magazine wrote a positive story on Synaptics over the weekend, so it opened a lot higher today and went all the way up to $87.85 on Tuesday and closed at $85.73, +3.63 on the day. Best to wait for a pullback to buy, although establishing a small position around current levels is not a bad idea, considering the long-term potential of this company.

 

[njfan47]

That pullback came on Wednesday when Synaptics dropped below $81 a share. Closed Thursday, Sept. 4 at $82.54. Also look at the January 15, 2016 $55 or $65 calls.

 

[JBinPA]

SYNA back to 80-81; actually chart looks like it could go lower, support is around 73. If it breaks 73, it wants to fill that gap around 67 - 68.

I'd be looking for an initial entry around 73 with some powder left for a second fill around 68, if it should ever get there.

 

[njfan47]

JB, you are always looking to buy at prices that aren't going to materialize! The time to buy is now. It isn't going to $73 nor is it going to $68! I find it best to establish a position and then consider buying more if the stock goes lower. Synaptics has a better chance to go to $95 than $68, even though it's closer to $68.

I am not saying there is no chance that it could go there, just that it's pretty unlikely. It didn't go up as much as I would have liked during today's rally, but that is not necessarily a sign of weakness.

 

[JBinPA]

NJ, there's always another bus coming; if a stock doesn't hit my entry price, another will. My opinion is there's a decent chance it goes lower to 73.. Could I be wrong? Of course, been wrong plenty of times but you don't lose money being wrong on a lower entry price.

 

[JBinPA]

SYNA, I'd get those buy limits in at 73 and 68, just let them sit.

 

[njfan47]

You might end up being right, JB. Closed at $75.08 yesterday, so it's not quite there yet. It would be a great buy at $68, but not sure it will get there.

 

[njfan47]

JB, you were right. Synaptics closed today at $73.20. Did you start your buying? It is a good value right here, but I guess there is the possibility that it could go lower if it follows the market.

 

[JBinPA]

NJ, so much to buy; I'm loving the SPX here at 1954; the next 100 points are to the upside.

We could test 1940 and even an outside shot at testing 1900 but as I said, the next stop is 2050.

I've got my list, just watching for signs the market will turn which I don't see yet; maybe in a day or two.

 

[njfan47]

JB, agreed. We are near a short-term bottom, but maybe not quite yet. Possibly in the 3-4 hour today or early tomorrow morning, before 11 AM.