Monday, December 24, 2007

STX Around 28 is Shortable Again


STX is a nasty stock and it could get nastier. There is clear resistance up around 28/28.50, that I believe is a good place to short this stock again. If this thing finally breaksdown we could easily get downside to around 20, which would be a huge gain. However, if this does not go our way, we get a quick stop out above 29.25ish.

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