So earlier today I noticed a strange entry in the news feed for SONOS (SONO):
It was confusing because there was no context, but it seemed to indicate that SONOS was thought they should be valued at $21, which is exactly how an Algo would read that statement. Naturally SONO started dumping.
Now, thankfully BZ issued a correction, they actually meant to say that “SONO Group”, an EV company is planning to IPO at $21:
But the correction I think might have simply reinforced the prior statement in the eyes of our robotic friends as it’s continued lower as a result:
So the interesting bit comes in the fact that SONO has earnings tonight while currently being down >3%. Per earnings whispers they are expected to smash earnings and also expected to move higher based on previous reactions to good results:
Also is the Algo not reacting to the lawsuit between google and Sonos ? Could this throw off earnings even if it’s good. Not a good look to be up against google
Great call @Conqueror are you looking to sell right at open or wait for a runup towards 10am-ish? Might be some quick profit taking right at open I presume?
