Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SONS -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (164)	12/10/2003 3:04:54 PM
From: DiB	Read Replies (1) \| Respond to of 1575

It depends on your investment horizon. For example, NTOP reports after the close. If it blows out the estimates, VoIP sector may get a pop. Or not. Alternatively you can do a buy/write trade, covering some or all of your position with 7.50 calls. Another way to look at this is, that last several days, is this a normal EOY profit taking, or more than that? SONS is one of the first techs to report, and may be something not good about this quarter's earnings has been leaked out... Thus may be you're better of waiting until SONS consolidates somewhere. TA-wise it is oversold, but does not look like a buy. Personally, If I were to establish a new position in SONS, I'd probably pick up a third of my projected share count for $7.20, and covered half of it with Jan 7.50 calls, just in case. JMHO and FWIW. Disclosure: already long SONS with cost basis of under 3.