SonoSight (SONO), Handheld ultrasound for the masses Message Board

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Biotech / Medical : SonoSight (SONO), Handheld ultrasound for the masses

SONO 18.05

-2.2%

Dec 22 3:59 PM EST

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To: Alan Smithee who wrote (348)	2/28/2000 8:33:00 PM
From: Sam	Read Replies (1) of 365

Alan, <<SONO has given several major sell signals recently. Until it reverses back up on the chart, I'm a bystander (although I've traded the last two knock-downs for the intra-day bounce).>> Well, Alan, we have now made up everything we lost. I can't say I understand today's move, but up 17% on heavy volume seems like a pretty nice reversal to me. And, in any case, I didn't understand the sell-off after the CC. There is only one possible reason for it that I can think of: hiring their own sales staff to attend to hospitals. Management gave cogent reasons for their decision in the CC, I thought. Institutions are good showcases for their equipment, great visibility, and it is there that new apps will be found for their equipment. Having their own dedicated sales people focussed on that market can only help them in the long run. Perhaps this quarter--as they are getting started--there will be added expenses without commensurate sales. But as the year goes on, it will prove to be the right move. In any case, we'll see as time goes by.

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