SYT 0.00% 0.1¢ syntonic limited

A steady increase in volume the last few days but about 1/3 of...

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    A steady increase in volume the last few days but about 1/3 of the period of when the price hit 5.8c.
    The price has been trending down ever since the high of 5.8c and it's too early to confirm if the bottom is here.
    The news yesterday helped the price to steady but on it's own it will not cause a turn around.

    We saw large volumes buying during September and it's likely that those buyers are private individuals and they have their parcels for the LT.
    Adding more contracts to the SYT portfolio gives LT holders more confidence but it is unlikely to get the attention of new buyers in the short term.

    Instituational buyers will wait for confirmation of revenue.

    Is there any good news you may ask? The good news is that there is no bad news and unlikely to be any bad news.

    The ASX usually does better in the period from November to April. The overall market sentiment will help SYT.
    Adding more contracts will eventually get the market's attention.
    Then there's the X factor being overseas investors and management's marketing to those investors.

    In summing up, I think that the share price has probably bottomed and it will rise (slow and steady?) over the next quarter in anticipation of SYT turning contracts into revenue.
    Will there be any more big runs? No one can tell. Eventually the FOMO buying below 10c will become a factor.

    2017 is the year for SYT. We just need to wait out the next few months with the comfort knowing that we bought in single figures and can buy more while we wait.
 
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