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STEC fell out of bed but may be ready to bounce back to its feet

|Includes: STEC, Inc. (STEC)

From its high of 42.50 roughly two weeks ago, STEC has fallen straight through its 50dma.

I feel that this move is based largely on a few negative articles about both increased competition in the space and increased input costs (in terms of the flash memory chips themselves).

Obviously STEC was overdone on the upside and a correction was inevitable, however, I feel that we would have seen a bounce off the 50dma if not for these 'fundamental' revelations.  Look for a move back up to the 50-day, i.e. 35$.  Long @ avg of 30.73