iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Fly Buy: SONS

I bought 50,000 Sonus Networks, Inc. [[SONS]] in the low $2’s.

Disclaimer: If you buy SONS because of this post, your wife will demand that you get a vasectomy. And, you may lose money.

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14 comments

  1. j

    If you buy SONS because of this post, your wife will demand that you get a vasectomy.

    She did once, so should I buy it?

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  2. Pete

    Fly,

    I love your gas/oil thesis. I particularly love WNR because of its short float.

    As a poor college student, should I just buy the $5.00 Sept. 9th calls for this instead of buying it at its current price?

    Appreciate your time and insight.

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  3. Ecchymosis

    Hah! I bought SONS last week. Stop mindmelding me!

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    • mrsbuttons

      two questions,,,what flagged sons for you to load up last week?
      and…what did you buy this week? Cheers!

      I owned sons waaaaay back during the dotbomb days….

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  4. Polar Bear

    Damn it Fly, I was reading the research reports this morning and was about to place an order in. And now look what youve done to it!

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  5. mrkcbill

    Jed, takes a sippy cup to the gym with him.

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  6. The Fly

    BGC ripping

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  7. franky

    Fly – what’re your thoughts on ERX?

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  8. High Frequency Trader

    I may release the Tradebots on SONS.

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  9. The Fly

    HERE WE GO LADIES!!!!!

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  10. mrsbuttons

    did fly buy all 50k shares as one order or did he accummulate over a period of days, hours, etc and post it as one trade? What is the wisdom when one purchases these large orders..must be nice to have 100k to toss around on a -what is it – a swing trade now?

    would be nice if he could share some of the details…you know fly on the wall or over the shoulder stuff..what is his strategy on this trade? How long does he plan on holding… to say I bought 50k shares of sons without the reasoning or the strategy behind it? what is his exit strategy? thanks!

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  11. The Fly

    I never buy it all at once.

    My buys are staggered over hours. However, on occasion, on liquid stocks, they are done at once.

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  12. Nergo  --

    Fly,

    You must of bought SONS from reading chart. You could not have picked a better time to buy SONS according to the charts. Did you look at the SONS chart first before you purchased? CA, are you aware of this??

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