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


To: John Hayman who wrote (862)1/23/2007 12:26:09 PM
From: carranza2  Read Replies (2) | Respond to of 1575
 
I would be leery of trading this stock in the foreseeable future.

There are too many things happening, all good. You could get caught not holding at a time when a signficant move up could easily happen. Your return to the shares might be expensive.

This is a classic LTB&H situation.

Although the absolute majority of my buys were at very good prices, I am waiting for a downward dip to add as I think anything in the 6-low 7s range is a bargain. In fact, I have a GTC buy in place at 6.95. May even establish a small trading position.

How many stocks have you ever seen downgraded because the price allegedly got ahead of itself?