re: Soun stock

Here comes the cautionary sells before the release, down a quick 10% and now climbing

Missed on top and bottom on earnings.

Is it time to sell or HOLD?!?!?

They had this tidbit in an article

"The company said with the fourth-quarter results that it had received a "first-of-its-kind revenue contribution" from a large chipmaker."

Market Watch

7

Are you still wanting to be involved in the company?

quote:

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Yes if it doesn't crash and burn

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Well that is with any stock.

I wrote this on a page or so back.

quote:

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They report this week. Another reason for the run up. I never tell anybody what to do, but if I was in it at some of the prices people got in, I'm changing strategy.

In at 2, Out at $7 is $500 profit. I take my money off the table buy selling it, go out 2 years and purchase a deep in the money call with that profit (which is the $2 strike). Then I am selling calls on it for 2 years... 100 weeks.

But the point is if this is a pump and dump leading up to those earnings, at LEAST my money is off the table and if it's not, then I'm still in for great returns.

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Not sure how many shares you have, but for every 100 shares you are down $85.

The above quote, for me, would apply. I am going to remove as much of my money as I can. So I can give you the numbers on your situation.

If you sold it at $6.20 You will lose .80 per share. However, you protected the $620 per 100 shares.

Now you said you want to stay invested. A Jan 17 2025 call at the 4 strike will cost you $340. That protects $280 per 100 shares you owned.

Then you simply pray it goes up, and sell off the call when you feel it's right.

Again, I'm not trying to tell you what to do, just showing you an option if you are worried.

The call I mentioned above during this up trend is now worth $400. Or a $60 gain per contract.

wtf caused this spike? Thinking of getting back in but its almost 10 a share now

I got back in and im gonna see how it plays out over the next month or so.