Stephen: I've been watching STDM, but I've seen lots of 20,000 share blocks being DUMPED over the past week or so...somebody obviously knew what kind of news was coming out soon, and that's why the big boys have been dumping like crazy from $14 down to $10 recently. So, fortunately, I never jumped in...mainly just lucky, I guess.
As for tomorrow...Sparky says $8...that's probably not a bad guess, but I'd think that would be the high-end of the range, possibly even an open in the 6-7 range, since these IPO-types with little trading history are EXTREMELY VOLATILE...just look at the trading range already from approx 5 1/2 to 14 1/2 in only a couple months of public trading. I'd expect it to at least drop down to it's IPO price, which I believe was $7, as lots of folks still holding from the IPO who are still in positive territory (maybe not tomorrow morning) will be pulling out.
With the NASDAQ MM's being such crooks, I doubt I'd place a market sell order out there right off the bat, but sometimes that's the best thing to do...I'd probably suggest watching it open and have the trigger finger ready to act...these situations aren't fun, and I've had my share of them in other stocks...a lot of them eventually recover if you don't mind becoming a long-term investor...
Sorry I can't help more, and good luck tomorrow...
Mark. |
