Continuing to watch Sony Corp.
Posted on October 28, 2005 , filed under Stocks | Print This Post
I wrote an earlier article on SNE, Sony Corp. discussing the company’s technological gamble on its Blu-ray high definition DVD standard. I mentioned in the article that I like SNE at under $30 within the next 3-6 months. The stock is currently trading near its one year low of $31.80 and we may very well see the stock hit under $30 as Microsoft launches the XBOX 360 this month and Sony faces uncertain adoption of its next generation DVD format. If SNE does trade under $30, I will probably rebalance my portfolio to include shares of the company.
(No Ratings Yet)
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