SilverSun Technologies Inc (SSNT)

[Det_Robert_Thorne]

DTLK is Datalink, a data center-related company that trades on the Nasdaq.

They're in the cloud space. Had a pretty good report for Q4, 2010 quarter, but mostly because of some big orders that might be hard to duplicate in 2011.

Had been trading it heading into earnings, then was playing it for a bounce a few days after they reported . It fell due to a combination of the non-repeatability and a revenue recognition change that is now effecting some tech companies (revenue is booked when shipped, rather than when the equipment/software is installed).

Got caught off-guard by the announcement of the offering last week, and so saw my position take a 14% hit. I won't be able to join the offering because I trade through TDA, but might make an open market buy soon to bring my average price down.

Their current float is less than 14M shares, and the offering is for 3M shares, with 800K of that being from the shareholder. I'm still waiting for more filings to see how that will effect the float, and to see how the selling shareholder's 800K effects it. This could provide an example of how Meller's shares might hit the market if he ends up converting.

Though I might be able to exit the position profitably sooner, I'm now playing it as something that won't see the mid-$7s for the next six - nine months.

Don't take this as advice to buy. Do your own DD.