It is amazing that SOUN is up today after the shareholders digested the secondary offering news since they understood SOUN needed cash to improve their products and survive.
Another reason might be that the secondary offer will be done by 5 investment bankers. That means SOUN will be supported by these bankers at least in short term.
Thus, SOUN will be stabilized and trade between $4.5 to $5 in short time until a good news announced. I bid no news will be announced before the earning report. Thus, To lower the cost and do some trading might be a good strategy in short time to reduce the cost base. My cost base is around $6.5. I would like to reduce the cost under $5.
Buy if it is under $4.5 and sell above $5.
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