Nice double top on the weekly STEC chart. Or, go back to January, 2007 and draw a nice triple top trend line too.
STEC is at major resistance, but its 2009 earnings are estimated to be more than 2x 2008. It's P/E ratio is obscene. What kind of growth are investors expecting? I think this one's a good short on any rally just for some retracement of the gap and you have the major resistance as a solid stop area in case it breaks out.