New Email Synacor (SYNC) at one point this morning was up $0.84 to $11.89, but then some traders took profits and SYNC dipped to a low of $9.64. NIA took advantage of the opportunity and added 43,644 shares to its position. SYNC rebounded strongly to finish the day down only $0.52 to $10.53. This could be the last opportunity to accumulate SYNC below $11!
Compete.com released their April traffic data today and just about every single SYNC TV Everywhere portal saw huge increases in traffic for April vs. the average month in the 1Q (January through March). This bodes extremely well for the 2Q and NIA believes SYNC could blow away analyst projections!
Charter's April traffic increased 4.5% vs the average month in the 1Q.
CenturyLink's April traffic increased 6.2% vs the average month in the 1Q.
Toshiba's April traffic increased 6.4% vs the average month in the 1Q.
Windstream's April traffic increased 9.4% vs the average month in the 1Q.
Wowway's April traffic increased 9% vs the average month in the 1Q.
Atlantic Broadband's April traffic increased 25.6% vs the average month in the 1Q.
Armstrong's April traffic increased 14.6% vs the average month in the 1Q.
TDS's April traffic increased 5% vs the average month in the 1Q.
MyConsolidated's April traffic increased 16.6% vs the average month in the 1Q.
Please note that Compete.com only samples a small percentage of Internet users and SYNC's actual traffic growth over the past year has significantly outperformed what is reported by Compete.com!
NIA expects next week to be huge for SYNC. NIA believes it is likely that SYNC will announce their new huge cloud computing product on Monday that could add significantly to SYNC's 2013 revenues! For more information on SYNC's new huge cloud product that we believe could be announced on Monday, read this article: http://www.multichannel.com/article/484085-Synacor_Targets_App_Economy.php
NIA isn't an analyst or investment advisor. Don't invest based on anything NIA says. NIA doesn't recommend for you to buy or sell any stocks. NIA never makes any financial projections or target prices.
Disclaimer: NIA currently owns 509,868 shares of SYNC. NIA initially purchased 350,000 shares at an average price of $8.53 per share. NIA has agreed to a 60 day holding period on its initial position of 350,000 shares but intends to sell these shares at some point in the future after the date of July 2nd, 2012. NIA has accumulated an additional 159,868 shares of SYNC. NIA intends to sell these additional 159,868 shares in the future and can do so at any time. NIA reserves the right to increase its SYNC position at any time.
NIA is not an investment advisor. This email is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This email is meant for informational and educational purposes only and does not provide investment advice.
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