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

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To: carranza2 who wrote (1113)7/27/2007 11:12:58 AM
From: phatbstrd   of 1575
 
Although, I will say this. When he takes it private, the stock may still have a chance to reach $9-10.

At 7m shares purchased per month, he has about 11-12 months to go. He definitely was not aggressive yesterday with only 2.65m... should have gotten 10m at least.

Even if he is a billionaire, much of his capital may be tied up elsewhere and takes some time to adjust to cash.

The Kiwi billionaire bought 1.5 million shares on Wednesday, July 25, at an average price of 8.2 and change. Held 43 million shares as of then. No word yet on what he did yesterday.

He has purchased 7 millon shares within the last month.

If he bought enthusiastically yesterday, which is possible given the enormous volume, my guess is that he is taking the co. private.
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