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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (8890)9/28/2001 6:30:08 PM
From: Dale Baker  Read Replies (1) of 57684
 
Yes, the April 5 calls at .60 ask. I see SONS as a speculative play due to the need for the carriers to deploy it on a major scale, so I may go for the cheapest long-term approach, i.e. calls under a buck. You can buy a handful (whether that is 5 or 50 depending on one's pocketbook) and just tuck them away with little or no worry.

If SONS flames out for some reason and ends up under a buck or BK, the downside is less than shares. The odds that SONS will trade between 3 and 5 for the next 8 months seem pretty low. It's an all or nothing play with a few nickels.
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