Unfortunately alot of people buy at the high of a run and as soon their stock retraces a few cents, they panic and sell and all of a sudden that stock is the biggest dog ever. These people think they are "traders" but dont have a "traders" discipline and nouse.
If you buy for fundamental reasons, then a few cents here or there should not concern you. If you buy for technical reasons, never buy on a 3rd consecutive high (generally a top) and always try to buy at a support level. You may not get every single run but with a good stop loss, you wont lose much either. There are a heap of indicators, patterns etc, but support lines and trend lines for me have got to the most effective methods of entering and exiting a stock.
Potential for STX is enormous. Flow rates are important now before any serious valuations can be made. Like Sandybeachs said yesterday, be patient.
STX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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