Here's the profile of the company:
Intellisync Corporation (SYNC) Formerly known as Pumatech, Inc.. The Group's principal activities are to develop, market and support synchronization, mobile-application development and mobile-application management or device management software. The software products allow the exchange and synchronization of data across diverse platforms, operating systems and applications. This software enables consumers, business professionals and information technology professionals to extend the capabilities of enterprise groupware and vertical applications, handheld organizers or computers, Web-enabled mobile phones, pagers and other wireless or wireline personal communications platforms. The Group offers the products to original equipment manufacturers, enterprise, retail and online markets. On 01-Mar-2005, the Group acquired Tourmaline Networks, Inc.
The company just reported 4th quarter results (why don't they all end the year at the end of the year, as normal people do? ::)), which came 1 cent better than expected:
«Shares of Intellisync Corp. (SYNC: news, chart, profile) soared 19.8% after the San Jose, Calif., mobile device management software company reported a fiscal fourth-quarter pro forma loss of $1.6 million, or 2 cents a share, a penny narrower than Wall Street's consensus estimate. Revenue rose 18% to $15.7 million from $13.3 million a year ago.)»
We have this subtitle on the press release of the company, issued on Tuesday: «Intellisync Announces Fourth Quarter Results and Record Revenue for Fiscal 2005
- Carrier Customers Fuel Growth; Q4 Revenue from Carriers Increases 85% Over Prior Quarter, Accounting For 30% of Total Q4 Revenue - Intellisync Becomes Platform-Independent Wireless Messaging Leader in FY2005; Characterized By Record Subscribers, Product Awards and Enterprise and Carrier Wins
8/30/2005 4:15:28 PM»
Seems fine ... but what is inspiring me is the confidence of the CEO, read this (and excuse me for so much copy paste on this recommendation):
"This last fiscal year has been monumental for Intellisync," said Woodson "Woody" Hobbs, Intellisync's President and Chief Executive Officer. "We established Intellisync as the leader in platform-independent wireless messaging and mobile software. We entered the carrier market full-force, winning deals with some of the top worldwide carriers, and growing carrier revenues by eight-fold for the year. We're very proud of the fact that we've penetrated the carrier market achieving substantial revenue growth with what we believe is an efficient and minimal use of our cash. We introduced new technologies that we believe will open up new markets for Intellisync and secured prestigious industry awards and industry analyst recognition. The Intellisync brand became well recognized by mobile decision-makers in big companies and carriers around the world.
"And we're just getting started," Hobbs added. "The markets that we serve are growing rapidly and we believe we are at the beginning of a new growth stage in the mobile software industry. Our success in the carrier marketplace in fiscal 2005 has provided a terrific platform for our future, which we believe will enable Intellisync to achieve record revenues in fiscal 2006 and profitability within the next twelve months."
Keith Kitchen, Intellisync's Chief Financial Officer, added, "The investments we have made in products, operations and sales and marketing over the last year are beginning to show dividends in our financial metrics. In fiscal 2006, we intend to further optimize our execution and operations and accelerate our pace of innovation that we believe will help continue our leadership in the enterprise and wireless carrier markets. We believe that our continued growth, combined with expected operational efficiency, will allow Intellisync to begin to report quarterly profit during our fiscal 2006."
Well, their fiscal 2006 is already happening and these men are speaking very loud, for anybody that wanted to listen. You know I'm deaf like a stone so I didn't hear anything until the market, where hard earned money is at stake, talked to me. The market spoke sound and clear, as you can see on the chart below:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=4685;image)
Longer term we have a rectangular formation breakout with a technical target of $5.91:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=4684;image)
I will buy SYNC at tomorrow's open for the 3 Stocks on Fire Portfolio.
(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. The 3 Stocks on Fire Portfolio is up 148% since inception on 28th of April 2005 (http://www.3stocksonfire.org/3stocksonfire.php). 3 Stocks on Fire is a Community of stock traders and investors. Our 3154 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
SYNC made a perfect pullback yesterday and now is running 8% higher as we speak, to a new high. The technical target is $5.91 and the market is saying that I'm right. I have to profit handsomely when I'm right and lose small when I'm wrong.
So, being right, I can't sell at a small profit.
No posts on Sync? I am surprised I think Friday in particular and last weeks action was very significant. This weekly chart shows how the last 3 weeks SYNC reversed a downtrend week almost perfectly from way back in Feb '04. That previous downtrend week was preceded by a fall from $6 area, so if history reversal continues..... I see a couple insiders are selling right now though, so some mixed messages (vol 450K). That said as an insider with several millions of options you have to unload to diversify your portfolio no matter how solid you think your company is.
Hi Aussie
This is one of the stocks that is driving me nuts. I like their growth, the fact that they might turn profitable soon, the market they are in but I really don't like the insider selling.
You are right that Mohammadioun has a lot of shares (1.7 million) but 400 000 is still a lot of selling. The rest of the management team have fewer shares and they are also selling. Foster Clyde had only 48 000 and he sold 46 800.
I always try to put myself in the insiders position. Would I sell 95% of my shares if I believed the company's stock was about to explode? Hmmmm........
Most of the team received more stock options last week (Foster Clyde 200 000) so maybe that is why they are selling but.... As said this stock drives me nuts ???
I hope David is right as usual. I will however stand on the sideline with this one for the time being.
Not many posts but very good ones :D Nice technical analysis from Aussietrader and nice info on insider trading from Michael. Thank you.
Let me put insider selling on another angle: insiders are selling a lot of shares, that's true. But, what happened to the stock price? It went up, even with that selling.
What does this divergence tells me?
It tells me the stock has very strong underlying demand, and for some reason that we don't know, it surpasses insider selling. I think RULE 39 applies here: Don't be too curious about the reasons behind the moves
Not even insiders are always right. In the market place there's only one thing that is always right: the market itself. And the market is telling SYNC is going higher.
Hi Dave. I bought SYNC on Wednesday @ $3.94, a little higher than what I sold it for @ $3.66. It was nice to see that you were buying it too. To me it confirms that my thinking on SYNC wasn't out in left field. PerfectSage
When I look at an SYNC daily chart... ...I think cup & handle???
QuoteI bought SYNC on Wednesday @ $3.94, a little higher than what I sold it for @ $3.66.
It takes some stock market experience for a man to do this, and he usually gets paid :) Good luck PerfectSage !
Considering SYNC, I will continue to hold the stock, as it is making two steps forward and one back. The ascending trendline now stands at $3.46, and the technical target is $5.91.
Well, SYNC gave two steps back :P
I have low visibility on this stock (considering that can be said «technically speaking»), which says probably I have a 50/50 chance of being right here.
What puts me ahead in this game is that if I'm right I will profit about 48%, and if I'm wrong I will lose about 12.5%.
I will be right if the technical target of the breakout is reached, at $5.91. I will be wrong if the stock closes below the ascending trendline before reaching the target, and that ascending trendline today will stand at $3.49.
Thanks Dave.
QuoteIt takes some stock market experience for a man to do this, and he usually gets paid Good luck PerfectSage !
It's more like book learning experience. I was lucky enough to have read some good books when I was in university before I ever had any "gambling" money that allowed me to avoid most bad habits. Now if I could only get rid of the overtrading bad habit. LOL PerfectSage
Lol, that's a hard one to get rid of, PerfectSage.
I really don't like the short term technical picture of SYNC, but I've had some problems for not keeping my plans in the recent past. So I'll just stick to the stock for as long as that ascending trendline is in play ... it is possible SYNC falls below the breakout zone, shaking most weak hands when it touches the real support at the ascending trenline.
Anyway, that trendline for today is standing at $3.54 so I'll hold.
Those Analysts!! I don't have any detail other than the headline posted at 06:34 this morning. Watch for effect on todays trading (down 5% in very low vol pre market).
DJ JP Morgan Cuts Intellisync To Neutral From Overweight
Aussie,
Sorry, but what headline ???
Thanks for the information!
Amarens
07:44 SYNC Intellisync downgraded to Neutral at JP Morgan on valuation (3.98 )
Downgrade is based on firm's view that the co will trade in line with the mean of their coverage universe, near-term. Firm believes that all of the co's anticipated positive catalysts have played out, saying while guidance issued August 30th, was in line with street expectations, they think there remain uncertainties regarding the gradually declining OEM business and lumpy enterprise demand. Firm's longer-term prospects remain excellent and they expect the co to grow rev by at least 26% CAGR through 2008 and for the co to turn sustainably profitable in late FY07
Thanks Se7en :)
It is already breaks down the support at $3.65.
But we need to see closing price to evaluate the situation.
If it cannot stand, next support is $3.25 area.
Downgrade has such a big effect for short term trend.
The effect will be fading after one week.
the reason why the downgrade is kiliing it so much is beacause jp morgan themselves were pumping this for months with a 5 target and now they switch gears bunch of crooks definitely killed the momentum sold out this morn. at 3.87 good luck to all
Closed at $3.80 and no need to panic sell.
Still above the $3.65 support.
Quote from: Se7en on September 09, 2005, 08:40:21 AM
07:44 SYNC Intellisync downgraded to Neutral at JP Morgan on valuation (3.98 )
Downgrade is based on firm's view that the co will trade in line with the mean of their coverage universe, near-term. Firm believes that all of the co's anticipated positive catalysts have played out, saying while guidance issued August 30th, was in line with street expectations, they think there remain uncertainties regarding the gradually declining OEM business and lumpy enterprise demand. Firm's longer-term prospects remain excellent and they expect the co to grow rev by at least 26% CAGR through 2008 and for the co to turn sustainably profitable in late FY07
What a downgrade. It doesn't make much sense to me, it looks like JP Morgan is trading, or wants their clients to trade the stock. Why would you sell when you think «
Firm's longer-term prospects remain excellent and they expect the co to grow rev by at least 26% CAGR through 2008 and for the co to turn sustainably profitable in late FY07»
Anyway, technically this wasn't unexpected. The stock came down to almost touch the ascending trendline (it missed just for a tick or 2, we can't be meticulous about this, the market is made by people, not machines) and rebounded strongly at the end of the session.
The stock was left with a bullish reversal candlestick, with a big lower tail and volume above average. For me the plan is simple, hold it for as long as the market perceives the fundamentals as being attractive, and that is translated by «hold for as long as it closes above the ascending trendline which for today will be standing at $3.59».
Well Dave, so far the plan is working. 3:30pm Friday afternoon is where the trend changed and at 11:00 am this morning a bullish breakout of the 1/2 hour opening range occured. ;)
The downgrade on SYNC has been met with strong buying ( I like that when it happens) The gap down was filled and some more. A nice close and above $4. Will see if this rally can continue.
We can see now the real deal from a technical standpoint is the oblique trendline, not the horizontal support/resistance levels. This probably happens because supports with a slope change everyday, so they aren't so noticed by the public. They become more effective.
SYNC gave us a nice bounce from the ascending trendline support and now a 7.6% rally. The trend remains bullish, and that is even more enforced when we've had a downgrade that has thrown many investors out of the window ... now they need to climb up the elevator (they didn't die, fortunately) and buy SYNC again, because they like the stock, or they wouldn't have own it in the first place.
For today the ascending trendline will stand at $3.63, there's no doubt I want to continue holding SYNC.
Just one more thing, the company issued an interesting press release that you can read here and learn some more about this company: Mobile Deployment 'Tipping Point': Two-Thirds of European Companies Rolling Out Wireless Email for Workers (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7BC6F61748%2D6760%2D4028%2DA137%2D978A2C42941E%7D&symb=)
Quote from: AussieTrader on September 13, 2005, 12:25:03 AM
The downgrade on SYNC has been met with strong buying ( I like that when it happens) The gap down was filled and some more. A nice close and above $4. Will see if this rally can continue.
I like that too. It always feels like the market wants to prove the analysts wrong ;). And I must say that with all I've read last evening I do not understand the downgrade. Also good news this morning in the press release. It is positive if the market proofs you're wright as a company.
Let's see what effect this will have today.
Amarens
It looks more and more JP Morgan downgraded SYNC to buy some shares at cheap prices before the good news hit the newswires >:D
We've had these news today:
Brasil Telecom GSM Chooses Intellisync as Its Platform for Mobile Email and Mobile Data Services (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7BC3E176AB%2D29B3%2D4472%2D8F46%2DE272DD341D70%7D&symb=)
And the stock closed at a new 52 week high with volume above average. There was no gap left, which is a positive for the short term. I will continue holding SYNC.
SYNC = $4.33 > TL = $3.71 => HOLD SYNC
Nothing new on the fundamental or technical picture of SYNC, the stock seems to be consolidating the recent gains on low volume.
The ascending trendline is coming up, at $3.75 today.
Outta SYNC @ $4.30 :) Gonna buy ABLE and join overtraders anonymous. LOL
Dave, what do you figure the odds are that the Q's are going to break the support trendline soon for the intermediate term bullish trend that began at the end of April.
I don't think it was a coincidence that you started 3sof at that time. Was it? ;)
Quote from: PerfectSage on September 16, 2005, 01:04:28 PM
Outta SYNC @ $4.30 :) Gonna buy ABLE and join overtraders anonymous. LOL
Dave, what do you figure the odds are that the Q's are going to break the support trendline soon for the intermediate term bullish trend that began at the end of April.
I don't think it was a coincidence that you started 3sof at that time. Was it? ;)
You've traded a stock that was going down slowly for one that went down fast ::). ABLE was nasty, I must confess I was considering it too, what a false breakout ... (maybe just coming down to close the gap? Don't like the oil sector at this point anyway, but good luck :)).
I don't know the odds, I'm neutral on the general markets now. I figure there can be another push higher, cleaning all shorts to new highs and then a bear market will start. But day by day I'll keep monitoring my stocks and looking for new opportunities with an attractive risk/reward ratio.
lol, it was a pure coincidence, but of course, the appearance of 3 SOF has improved prospects for the Nasdaq ;D
Thinking of SYNC, the stock went down a bit but volume was up on Friday, and that's encouraging. I will continue holding the stock, the ascending trendline for tomorrow will be sitting at $3.79.
Just one more thing PerfectSage. Reading your words again I find that you already know what you're doing wrong, but you continue doing it. I've been trading for 10 years now. Since year 2 in trading, I know what's wrong and what's right to do. But only about 3 years from now I actually do the right thing. So, it took me 2 years to find the good side, but it took me 5 years more to learn to stick to it. I hope you take less time than me, learning from yours and my mistakes and successes.
SYNC rose a bit with low volume and no news on Monday. I will keep holding the stock for as long as it closes above its ascending trendline, which for today's session is standing at $3.84.
A 6% rise is always welcome, even more when the general market tanked like it happened today. SYNC closed at the high of the day of $4.56 and that's also the previous intraday high set on the 13th of September. It would be nice if the stock closes above this level tomorrow, that would mean a fresh new 52 week high was in place.
But even if this doesn't happen I will continue holding since the trend is still bullish. The ascending trendline for tomorrow will come at $3.89.
Orange Slovakia Selects Intellisync as Wireless Email Provider
http://biz.yahoo.com/prnews/050921/sfw073.html?.v=25
If ABLE is a false breakout... ...well it sucked me in. ??? I look at the volume pattern and I don't think it's a false breakout. ???
I think oil is due for a trip and a bounce off it's 200 dma again. I don't think oil is a bubble and long term bullish on oil. In the expansion phase of every economic cycle there's a bubble sector in the economy that sucks in too much capital and then that sector goes bust causing a recession. This time arround it's real estate. Last time it was tech stocks. When ever I look at long term charts of the late 90's, I think: "What a crappy bullmarket I get to work with." LOL
Why do I overtrade? That's a good question Dave.
I started trading in the summer of 2003 and I was smart enough to know that I had an easy learning environment for a newbie and the overtrading habit started because I wanted to make as much money as possible before the trend changed. I keep overtrading because I've never really learned how to trade properly. I've just focused my attention on learning how to identify good opportunites based on breakouts or potential breakouts.
The first thing I did when I found 3SOF was check your buy recommendations. I knew you were good Dave because I saw a lot of stocks that I had overtraded or wish I had overtraded. LOL
Good luck on SYNC Dave.
QuoteThe first thing I did when I found 3SOF was check your buy recommendations. I knew you were good Dave because I saw a lot of stocks that I had overtraded or wish I had overtraded. LOL
Good luck on SYNC Dave.
Lol, good luck on your overtrades PerfectSage :) I'm going to tell you one thing and you promise you'll forget it right away and continue with your trading style, ok? Please don't even consider what I'm about to say and stay in stocks. Here it goes:
Active futures are a better product for day trading than stocks.
QuoteSYNC closed at the high of the day of $4.56 and that's also the previous intraday high set on the 13th of September. It would be nice if the stock closes above this level tomorrow, that would mean a fresh new 52 week high was in place.
News or no news, the fact is SYNC did it, it closed at a new 52 week high. So much for those JP Morgan analysts >:D
The stock opened on a gap up because of this news:
Orange Slovakia Selects Intellisync as Wireless Email Provider (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7B4B2AA389%2D4788%2D44FA%2D9DB9%2D46BCCBBD9A01%7D&symb=)
Starting from Slovakia who knows if SYNC won't get the attention and a contract from big Orange, one of the largest mobile phone operators in the world, with 56 million clients?
But the stock did not hold the opening gains and closed up «just» 2.85%. This is good enough for me, considering the general market weakness. Perhaps the stock tomorrow will come down to close the gap before it advances again, there was a gap opened at the $4.56-$4.67 range. Anyway I will keep holding SYNC, my technical target is $5.91.
QuotePerhaps the stock tomorrow will come down to close the gap before it advances again, there was a gap opened at the $4.56-$4.67 range.
Today's action was unexpected as you can see. But it was a big fall anyway. Volume was low on this profit taking day which is a positive.
The ascending trendline will come at $3.98 tomorrow.
Dave,
Nice place you got here. I first found out about SYNC from a few friends who live and work in the Silicon Valley. I live in the East and have been trading for 9 years. The company and their technology looks great, but I dismembered their balance sheet.
When I saw the 57 million in convertibles, it was a red flag to say the least. After a few phone calls to the boys at the firm, I find out that the options on the convertibles are 3% at $4.33 out 2009!
I had to reconfirm this, because I could not believe it, realizing that that few VCS just hand out this kind of money, unless they believe in long term growth. The company hit critical mass with the latest contract, regardless of subscriber price. I believe that wireless messaging is the best play since routers and cellphones and this company is it.
Thanks for your kind words and interesting research ls40095 :)
The 3 Stocks on Fire Portfolio shows a 16% profit on SYNC and RULE 13 says «Let the Profits Run», at least for as long as the trend remains bullish.
SYNC's trend is indeed bullish, with the ascending trendline on the chart below rising an adequate $0.04 per trading day. For tomorrow the ascending trendline will be standing at $4.01 and I will continue holding SYNC.
PR Newswire
SYNC introduces first open mobile unified messaging platform
Three press releases from SYNC, 1reilly already mentioned one:
Intellisync Introduces First Open Mobile Unified Messaging Platform Enabling 'Office in Your Phone(TM)' (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7B8EF5798D%2D4806%2D4764%2D82A7%2DC4D640FD2E6A%7D&symb=)
Multimedia News Release - Intellisync Demonstrates Wireless Industry's First Open Mobile Unified Messaging Platform at CTIA Wireless I.T. & Entertainment 2005 (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7BD0A0BEA3%2D4322%2D4016%2D91FB%2D1D7DB7785F1D%7D&symb=)
Intellisync Announces Support for Nokia 9300 Smartphone and 9500 Communicator; Continues 'Any Device, Any Platform' Mobility March (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1663706&guid=%7B4E7C22B2%2DF3C5%2D4EC1%2DB188%2D46B0BE4077F5%7D&symb=)
All bullish news. I have a open profit of 18% now, and I will let profits run on SYNC.
(just now I saw this update didn't enter. It seems the news failed to inspire the stock that maybe is coming down to support again. I will hold it though).
What we got here with SYNC? Three bullish news failed to inspire the stock? Something's fishy, learning with the HOM experience I will sell SYNC today for a 16% profit, not much, but I must accept what the market is willing to give.
Maybe I'll buy back SYNC shares at the trendline, which for today will be standing at $4.08.
What happened to Rule # 13. With Hom you had a violation of a trendline and you maintained your discipline. I don't see the same thought process here.
don´t be too cruel to D. he,after all,is just one of many.today think,tomorrow rethink.
every this kind of hp or mb is meant for hyping someones stocks.easy.just make it work for your favour.
.
No one seems to care about this previous hghflyer. I still hold about 1/3 of my initial shares.
SYNC hit 52 week high today with 11.98% gain on 3x average volume. ;D
SYNC has been getting tons of overseas contracts recently, but its been mostly overshadowed by the MSFT/PALM/Verzon deal to come out with a blackberry-like phone. I believe most people miss the fact that the golbal market is where the growth in wireless will be (us Americans are mostly tech backwards). Moreoever, due to RIMM's current patent/lawsuit problems, it would be wise to takeover SYNC for its technology (not to mention overseas customers). And SYNC has openly said that it is looking to be taken over.
Well, the reason for this rise is a takeover bid rumor, actually more than rumor. A nice premium too. But I think this is only the beginning of the bidding war.
http://pt.portaldebolsa.com/pt/forums/view_post.asp?cod_forum=1087&cod_post=3689 7 (http://pt.portaldebolsa.com/pt/forums/view_post.asp?cod_forum=1087&cod_post=3689%207 )
Lisbon - A source from Sonae.com said today that Sonae.com will launch a takeover to Intellisync Corp.
Sonae.com, will notifie next friday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of Intellisync Corp shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
Sonae.com will launch a takeover bid for Intellisync Corp with the payment of $8.75 US for each of the that responded to the tender offer, this initial offer could reach the limit of price of $10.15 USD for each share of the company.
Question: Is SYNC still being considered for a buyout by the Portugal firm or
any other firms?
In this since it was PUMA.
Thanks--------Lex
Quote from: Lex on November 14, 2005, 12:40:51 AM
Question: Is SYNC still being considered for a buyout by the Portugal firm or
any other firms?
Well it seems a Finish company is interested:
QuoteNokia to Buy Intellisync for $430 Million
Nokia is offering $5.25 per share in cash for each share of Intellisync, which provides mobile access to e-mail and other desktop information to about 500,000 users through wireless carriers under their own brand names
Hmmm... life is not fair I wanted to buy for a higher price but now it seems like SYNC has agreed to an offer below the stock price ???
Mike
I'm not familiar with what happens now. Does it become pointless to hold this stock ? Won't it just trade in this 5-5.25 range until the buyout happens?