Sanmina Corp. (SANM) Message Board

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Technology Stocks : Sanmina Corp. (SANM)

SANM 177.44

+1.7%

Jan 16 9:30 AM EST

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From: SI Bob	6/6/2005 11:24:10 AM
	Read Replies (2) of 239

Out today at $5.20 after being underwater for a LONG time at an average of $5.14. Also sold a batch of July 5 calls at 40 cents (basis 14 cents). I used to consider SANM an inexpensive way to play the Nas, but it's been marching to its own beat lately. A very nice, steady climb from the high 3's to current levels, but I decided to take it off the table and wait for a long overdue bout of back-filling. I plan to buy again below $5.06 in case $5.00 proves to be support, but keep plenty of powder dry in case it proves not to be. I really like this company long-term, but my short-term sentiment on it is a 4. I think it can pull back 5-10% pretty easily if its momentum starts to really swing that direction. Though it's not showing heavy-duty signs of its long legs weakening, I think it should soon and decided to book profits while they were good ones (especially on the calls).

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