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It's not going to $7.00 you moron. The company is going to buy back a ton of stock and send STEC right back to $40.00 by the end of the year.
Doesn't matter to the longs that protected themselves by buying the March $14.00 puts that should return a profit of about $500.00 per contract or more.Always cover your but when you're long and see a stock behave like Stec has the past few months. Unfortunately, the shorts know!
Satan here...How many Steel Reserve 40s have you had since the con-call? Notice we said con.