I bought 500 shares STEC Monday Oct .26th in that I thought it was poised to move what appeared to me on a potential break out.I I then bought additional 1000 more shares for a day trade.The broad market reversed and I lost $850 in 45 minutes.The lesson for me is not to get rich quick and play smaller amount of shares so there is another trade.I always put stops on stock trades.
you guys are dump... stupid idiot... chasing stocks... you guys need to take more classes before put your money into the market.... remember, run up big must run down big... market run up so fast must come down fast.
and the worst part of their trading/investing strategy is they are selling NOW!!!!!!!!!! Now that the bad news is out they sell. now that the stock is down 60% they sell
people like me are moving in because the valuation now makes sense from a R/R standpoint and growth story is legit
everyone will demand SSDs in computers PERIOD
Dont feel bad I was down 250,000 on SNDK bought as high as 70.00 and as low as 5 i have been averaging down. my even point is 30.00 so i need anothr 10pts you guy might want to consider buying this stock now or when it gets lower bring your cost down...Just my 2cents...Good luck
well I just got out of CIT which filed for bankrupcy and I lost 85 percent of my investment...and joined this crowd today...I guess I joined to early cause im once again down. I picked up 1000 shares at 14.95 and now im crying over it
Guys - I am totally wiped out in this account. Major, major carnage.
I get that the market is risky, but the STEC CEO is full of crap when he can't give us guidance on the demand of ZEUS drives.
HIS LACK OF ANSWERS CONTRIBUTED TO THIS MESS. WITHOUT HARD ANSWERS, EVERYONE ASSUMES THE WORSE.
Scammer. You sucked the money out of my family.
Hope you are happy with your jet/cars/homes. The shareholders who trusted you and backed you are the ones who BAUGHT YOUR STUPID, WORTHLESS, SHARES.
DOWNGRADE TO STRONG SCAM.
Nobody sucked money from you, you did it to yourself. I lost too but not much because I used protective puts or other option strategies to protect from BIG losses. But still it was my mistake in not thoroughly researching this company on my own and listening to the talking heads. A hundred talking heads, a hundred opinions - all diferrent. No one knows anything for sure!I did not loose very much because I used protective puts. They are much better than stop losses because a protective put still protects you fully even if the security gaps down over your stop loss.