This post was just published on ZYX Buy Change Alert.
Demand for Sonos (SONO) stock was significantly less than expected. The IPO is priced at $15. Expectations for Sonos were for a price of $17 to $19.
Please note that the call was to not hold more than 35% of full core position size.
It is extremely important to have tight stops in the zone of $14.93 to $14.99.
This is not a call to buy in the after market for those who did not get shares in the IPO. If it is appropriate to buy in the after market, there will be a separate post.
Consider taking profits on a 15% tranche in the zone of $18 to $20. Consider taking more profits in the zone of $21 to $23.
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