Friday, January 4, 2008
STX Headed to 21 if not Lower
I've said many times on this blog to get short STX. As the chart shows, it is either consolidating or topping out. Who cares? Either way it's still headed to 21 dollars. It is now trading at 23.15, down from a high of over 28. However, since it has made such a big move in a short period, I would take a third of a position off here (down 5.5% on the day), and look to add back on if the stock bounces up any.
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