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Technology Stocks : SONS
SONS 7.830+2.8%Nov 28 4:00 PM EST

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To: John Hayman who wrote (1082)7/24/2007 12:52:32 PM
From: carranza2  Read Replies (2) of 1575
 
I do fear that once the New Zealand billionaire is done buying, the support for the price, steady so far at 8.3 to 8.5, will wither away.

I just wish that he would let folks know what his plans are.

He has been buying gobs and gobs of shares, so far over $340 million worth, a sizable amount of his capital. He is loading up like Cooters might if he were a billionaire.

It's one hell of a position, even for a billionaire. This makes me think that he is investing on a bet that the company will be taken over. It's just too much money in one company to put aside for a LTBH play, even for a billionaire. Way too much risk.
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