Ann: Trading Halt-SYR.AX, page-178

There are many direct and indirect talks of late of how SYR share price is being manipulated. But is it really being manipulated or has the market just being doing what the market always does. If it was being manipulated, then it would have been quite difficult to figure out the next move all along. Surely no one would have been able to make any call....right? But has the market spoken all along and given hints all along? Let us find out with a trip down memory lane –

1/ Gross overvaluation at all time high - June 2016

https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-51?post_id=18063509

SYR IMO was priced for perfection at all time high.

It was also the time of Brexit 2016. Diluted Market cap was some 1.75 billion for a company not yet in production. I was ridiculed for pointing out that very simple fact then. The best returns were already made and SYR was again coming out with a mega capital raise. Could it be that it was the last possible time for the professionals to get out. Well, get out they did. In fact, SYR only had 1 positive day after my June 2016 warning at 6.4

2/ Shorters starting to take notice

Once the fall started, shorters slowly but steadily started to pile in. From what I remember, the shorting level was not really all that high in June 2016 but started to increase as the SYR bubble was more and more noticeable

3/ Tolga resignation

https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-98?post_id=19652249

Exit of Tolga Kumova was a game changer IMO and at that point, shareholders should have taken notice. From what I remember, a very good poster who was previously irritated with my warnings also finally got out around that time

4/ Close in mid 2’s

https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-107?post_id=21076760

Major damage already done to SYR price and SYR firmly getting more and more in radar of shorters

5/ First major hope of complete bottoming

https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-132?post_id=23416362

I’ve been criticized a lot on the SYR threads but I called the bottom then. SYR went on to almost double from March 2017 to Jan-Feb 2018

6/Major support at 3 under threat
https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-152?post_id=33627952
I came back to comment on SYR after a whole year as I rightly suspected that $3 level was under threat. SYR just had a handful of closes above 3 after that and it has been more or less downhill

Important to note that anyone following overall macro should already have been wary as battery metals were not doing well.

7/Bearish descending price channel firmly developing
https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-156?post_id=35024303

I warned as early in August last year that a bearish channel was firmly developing. This went on to become one of the most dominant themes influencing the share price all of last year as price bounced off the channel. I've warned of it tons of times ever since.

8/ Major resistance at 2$

AS early as December, I had warned that on the way up, 2$ would be major resistance, which did happen subsequently
https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-174?post_id=36800587

9/Falls below 1.4 could get ugly

https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-174?post_id=36800587

In same comment, I warned that falls below 1.4 could get very ugly. I also warned the same in my last comment on Feb 1
https://hotcopper.com.au/threads/ann-trading-halt-syr-ax.2791786/page-177?post_id=37306825

10/ Conclusions

Sorry guys but I fail to see how one can call SYR a “manipulated” stock when there are so many warnings all along. Above are just some major examples of inflection points but there have been tons more. Read my comments which are more or less in just this 1 thread where at every stage, the market has given warnings - literally warned of what could possibly come next.

Key levels - Around 1.4, Around 1.6, 2; 2.24; 2.39/2.44/2.5; 2.64; around 2.8; 3; 3.2 (3.15 and 3.25); 3.45 to 3.53; 3.65; 4; 4.5; 4.72

Above are also key levels which I’ve highlighted all along, and they have mostly played along. Might I very respectfully suggest that perhaps the market has just done what the market always does – for most stocks.....and that SYR might not really be a "special manipulation case" as some believe

SYR today had an intra day low of less than a dollar - 98.5 cents. This is a massively far cry from the $6.4 price where I came with original warnings and was mocked and surprisingly have continued to be mocked many more times ever since.

Hopefully long term SYR investors who have been here on these threads all these years can reflect on my old posts and see what I was talking about all along. Apologies if any part of above sounds like "I told you so" and it is not my intention. Good luck