SONS Message Board - Msg: 23384439

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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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From: carranza2	3/20/2007 11:06:23 AM
	Read Replies (1) of 1575

Serious resistance at/near 8. Wonder if it would be prudent to take profits, then wait for the inevitable fall to 7.2-7.5 and repurchase, adding to the position. But if it does get over 8 with any kind of authority, it's off to the races. Decisions, decisions.... The tactic is probably not prudent as the profits to be made do not seem to justify the risk, e.g., if someone hypothetically sells 100 shares at 7.8 and the price goes down to 7.3, at which points he uses all of the funds realized on the sale to buy more shares, he gets an additional 6.8 shares. This measly trade does not seem to justify assuming the risk on not being onboard if a runup begins. And I do expect a runup, just don't ask when.

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