SOTK still seems like a great short into earnings on Monday 10/17. No clue why this stock is holding strong in the $7's despite the depressing market. I thought SOTK was overvalued when it was trading around $5 in August.
We'll see what happens after earnings next week. They already said to expect a flat quarter. So fiscal Q2 earnings should be about .02/share vs .02/share last year, on flattish revenues and a declining backlog. Guessing the outlook won't be super bullish with the economy slowing. I see the stock tanking back to the $5's. Maybe even the $4's. Not sure what buyers up here are thinking? I shorted more today. Fidelity has a decent amount available.
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