Quote from Robert Weinstein:
I went long SYNA today into the close. ( I may add in AH or on Monday into weakness)
Appears to me the stock was simply pounded on way more than the guidance justified.
Granted the stock may have been a little higher than some to start out with but the PE was nothing crazy either.
I don't go long stocks very often but this one appears to have a good risk vs reward ratio for me.
A stock that has a reasonable PE, large short interest and goes into panic selling seems to be worth looking at from my point of view.