Kevin_in_GA
4,599 posts
msg #79479
- Ignore Kevin_in_GA
modified |
9/17/2009 11:16:58 AM
TNDM was taken out of IBD3 a few days ago (I posted this on 9/15) because it had slipped below 85 rating. However, keep an eye on it - it is a historically good stock that has potential.
I'll track this one as well. I will also run a daily screen without the watchlist restriction, just to see what else might have potential.
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Kevin_in_GA
4,599 posts
msg #79496
- Ignore Kevin_in_GA |
9/17/2009 12:44:39 PM
STEC still down about 12.5% today, well below the lower BB.
This stock currently rated as 99 on IBD - can't get a higher rating. I just wish I knew why it dropped today.
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gabestogie
79 posts
msg #79497
- Ignore gabestogie |
9/17/2009 12:53:29 PM
Kevin:
The only thing I come up with is that perhaps there has been a large block of insider selling again and it has not been released publicly yet. Also concerns about competition caused wedbush to cut it's target to $39.00. Going to buy a few if it hits $33. again,Your thouhts?
Gabe
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gabestogie
79 posts
msg #79498
- Ignore gabestogie |
9/17/2009 12:58:25 PM
Kevin:
It appears to me that since early 09 the MOSHAYEDI family sold in the area of 12,million shares every so often when the STEC would make a new high causing it to pull back.
Gabe
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Kevin_in_GA
4,599 posts
msg #79499
- Ignore Kevin_in_GA |
9/17/2009 1:08:42 PM
Kevin:
The only thing I come up with is that perhaps there has been a large block of insider selling again and it has not been released publicly yet. Also concerns about competition caused wedbush to cut it's target to $39.00. Going to buy a few if it hits $33. again,Your thouhts?
Gabe
++++++++++++++++
Start loading up - it is currently at 32.77.
I will wait until the end of the day, at the earliest. I'm concerned that the market is rolling over, and that today or tomorrow is the end of the bull run for a while.
If so, I will modify the current screen to include a confirmation signal - something like close is above close 1 day ago. That way, if it continues to drop, I just wait to enter at a lower price.
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RickB
14 posts
msg #79501
- Ignore RickB |
9/17/2009 1:23:25 PM
The PE on this is pretty high
not that that means to much but it is very high
also volume is high
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Kevin_in_GA
4,599 posts
msg #79506
- Ignore Kevin_in_GA
modified |
9/17/2009 1:49:02 PM
Gabe: STEC keeps going down - now at 32.41 and dropping. Hope you DIDN'T load up at 32.77.
Short ratio on STEC is quite high - 10.2 MM shares, or 33% of float. My guess is that there will be a lot of short covering tomorrow, which will drive the price up.
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gejordan
22 posts
msg #79508
- Ignore gejordan |
9/17/2009 2:20:56 PM
Analyst lowered estimate to $39 causing the tankage
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Kevin_in_GA
4,599 posts
msg #79510
- Ignore Kevin_in_GA |
9/17/2009 2:34:21 PM
Here is the options chain on STEC:
Calls Last Chg Bid Ask Vol Open Int Strike Puts Last Chg Bid Ask Vol Open Int
@SQRID 12.70 -8.80 12.40 12.80 20 42 20.00 @SQRUD 0.03 0.05 0 253
@SQRIX 11.19 -6.71 9.90 10.30 23 65 22.50 @SQRUX 0.01 -0.04 0.05 10 451
@SQRIE 7.60 -7.10 7.40 7.80 97 311 25.00 @SQRUE 0.05 0.04 0.05 119 2352
@SQRIF 2.65 -5.15 2.60 2.85 253 842 30.00 @SQRUF 0.20 0.15 0.15 0.20 2747 4177
@SQRIP 0.40 -4.10 0.35 0.45 4349 51 34.00 @SQRUP 2.20 2.15 1.70 1.90 2511 956
@SQRIG 0.20 -2.88 0.15 0.25 5272 3054 35.00 @SQRUG 2.81 2.66 2.50 2.80 1692 4180
@SQRIQ 0.05 -2.35 0.05 0.15 1007 192 36.00 @SQRUQ 3.80 3.55 3.40 3.70 359 714
@SQRIR 0.05 -1.70 0.10 225 228 37.00 @SQRUR 5.00 4.45 4.30 4.60 191 1371
@SQRIS 0.05 -0.80 0.10 723 723 38.00 @SQRUS 6.00 5.10 5.30 5.60 199 736
@SQRIT 0.10 -0.45 0.10 113 659 39.00 @SQRUT 6.50 4.85 6.30 6.60 105 523
@SQRIH 0.05 -0.23 0.10 954 6410 40.00 @SQRUH 7.60 5.35 7.20 7.60 232 1157
@SQRIK 0.05 -0.10 0.05 36 1146 41.00 @SQRUK 8.40 6.10 8.30 8.60 56 275
@SQRIL 0.05 - 0.05 47 800 42.00 @SQRUL 8.80 4.60 9.20 9.60 28 208
@SQRIJ 0.05 -0.05 0.05 2 684 43.00 @SQRUJ 10.70 6.10 10.20 10.60 16 102
@SQRIM 0.03 -0.02 0.05 4 1191 44.00 @SQRUM 10.50 4.80 11.20 11.60 11 112
@SQRII 0.03 0.05 0 2313 45.00 @SQRUI 12.40 6.50 12.20 12.60 33 207
Not really understanding options (at all), looking at this would you conclude that tomorrow the price will drive toward 34-35 range? Is that how these things work?
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gabestogie
79 posts
msg #79513
- Ignore gabestogie |
9/17/2009 2:54:22 PM
Kevin: Got bounced out @32.00 had a 3% trailing stop in place for 200 shrs. Better safe than sorry.
Gabe
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