Bought Synchronoss Technologies (NASDAQ: SNCR) stock in the portfolio

Bought Synchronoss Technologies (NASDAQ: SNCR) stock. 850 shares @12.03 were bought in the [model portfolio]. While earnings were bad on this one , it has since dropped 50%+ and they announced a stock buyback on that same day. This is a highly risky speculative play but the panic appears to be out of this stock.