I hear you Crowey, I think the STX clique are using the same psychological defence mechanisms when faced with contradictions, i.e.abuse anyone that doesn't sing from the gospel according to St Stu . Most agree that the fundamentals of STX are sound. So why is the market response the opposite? Let me preface what I am about to say by confirming I held STX pre Walyering spud right through to the point where they dropped Haber so I have a fair understanding of the stock. In my opinion, STX is being out gunned by someone with a better plan and deeper pockets. Every move STX makes, they counter it with a stronger move with their shorting. I have a theory, it may be right or wrong, but there is a big strom cloud forming over STX and it is nothing to do with the fundamentals. I watched STX trading very closely this afternoon, it was ugly. Unfortunately TPD might be collateral damage due to the SOA. It's got me quite concerned. JMO.
TPD Price at posting:
19.0¢ Sentiment: None Disclosure: Held