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Saturday, November 07, 2009

STEC: What a chart


What will happen when your YTD stock chart looks like this? STEC rose from $3.42 almost an year ago to $42.50 in Sep-09, yielding an unprecedented 1100% return in a year - only to fall to $13.13 at the market close yesterday, a staggering 70% drop from the peak in 2 months. Add to this the CEO selling 9 million shares at $31in August.
The result: bunch of lawsuits from various law firms..

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