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Technology Stocks : Shutterfly
SFLY 50.970.0%Sep 25 5:00 PM EST
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To: Done, gone. who wrote (56)1/23/2007 5:10:29 PM
From: Uncle Frank   of 82
 
Thanks for alerting me to SFLY, Michal. I like them as a trading stock and as a supplier. They just delivered a calander and a mouse pad, and the goods are top drawer.

SFLY dipped sharply when Jim Clark resigned as Chairman as a protest to Sarbanes-Oxley reform. I speculated it would only be a temporary effect, so I took a position at $13.65, which is looking like a good move 10 days later. But SFLY reports on February 8th, and while I'm sure the quarter will be magnificent, I'm scared of the forward guidance. I need an exit strategy. I think I'll start with a good 'til cancel sell order at a limit of 16, and adjust it downwards as we get closer to the report date.

uf
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