David, By no means did I try to insult. I am not looking for insider info to be leaked on a msg board. LOL.. that was funny BTW. but whenever a stock takes a nose dive and breaks support like STT did today, usually means news to follow. I've been looking on WSJ Bloomberg etc to see if I can find articles about the company. I'm holding pattern with STT at the moment. But thanks for the follow up comments. Seems like a bunch of people set their stop loss orders below 40. Since this thing hasn't gone below 40 at all this month a lot of stop orders were built up in that area. Today when the stock went sub 40 the stop orders were triggered and hundreds of thousands of shares were dumped on the market. This is probably a good time to buy but I will give up profits and sit on the sidelines to see how the market absorbs all these shares.
same here, I am trying to find news on it but can't find a word. But usually a selloff like this when the market is up, usually means some afterhours announcement. Bad News. maybe a stock offering, bad earnings etc. very unusual, scary to see STT sink like a rock after it broke resistance as $40. wow..