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Old Nov 3rd, 2009, 06:16 PM   #111
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They pulled a nice profit, but it tanked???? I think some are worried about their statements about one of their large customers.

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffett
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Old Nov 4th, 2009, 09:49 PM   #112
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are you guys getting in now or waiting. this is a huge drop!
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Old Nov 4th, 2009, 09:54 PM   #113
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I'm still watching. It dropped that far in yesterdays AH, and I expected it to rebound a little today, which it didn't. Based on that, I'm gonna wait for now. I have a hunch there's more to the story based on that big of a drop.
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Old Nov 4th, 2009, 10:09 PM   #114
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Quote:
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are you guys getting in now or waiting. this is a huge drop!
I'd be cautious about this stock if I were you. This was a $5 stock back in Jan 2009. I didn't read into the details much, but concerns weighing on one big customer and cost over 30% of stock? This company doesn't seem too diversified to me. Plus they're selling flash drives as part of their core business and that signals me lack of sustainability. I'd be worried even for a big name like Sandisk. Tech sector is not an easy field to play in if you dunno who your competitors are
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Old Nov 5th, 2009, 08:37 AM   #115
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are you guys getting in now or waiting. this is a huge drop!
i expect this to fill that gap between 10.25 and 13.50. Once it does that, I think $9.00 is support. Just my opinion
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Old Nov 6th, 2009, 06:46 PM   #116
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This is still tanking- I'm glad I went with my gut.
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Old Nov 12th, 2009, 12:03 PM   #117
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not sure what to make of this, cant find any news but nice recovery today
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Old Nov 17th, 2009, 05:18 PM   #118
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not sure what to make of this, cant find any news but nice recovery today
Looks like that day was a bit of short covering cause the next day, those gains were taken away.

It's currently on top of the support of 13.00 and it needs to hold that line if it wants to go back up. Double bottom?
The daily chart is showing it oversold( <-- is that the correct term, for it being sold off too much?)
The weekly chart can move lower and support is about 9.95.
The hourly chart is using the 50 period SMA as resistance, so it's anyones ball game.

I think it needs another 15% off before it moves back up. Just my opinion, and that's been wrong many times.

I'm still going with this call:
Quote:
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i expect this to fill that gap between 10.25 and 13.50. Once it does that, I think $9.00 is support. Just my opinion
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Old Dec 11th, 2009, 03:51 PM   #119
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any new input on stec guys?
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Old Dec 14th, 2009, 06:43 AM   #120
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http://wallstnation.com/POT-GSK-STEC-12122009

"STEC (STEC): The maker of solid-state drives has $130 million cash in the bank, no debt, a $650 million market cap, and trades for just six times forward earnings. The stock collapsed in November when it announced that EMC had an inventory glut of STEC's SSD product. In other words, EMC ordered too much. Since EMC is the company's largest customer, it threw into doubt its earnings expectations. JP Morgan's analyst came out and said he still sees the company earning $2 per share in 2010 and put a $42 price target on the stock. Not bad for a $12 stock. "
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