STEC Revisited

Bubbles will come and go with time as long as the stock market exists.  The trick is to get out either before the bubble bursts, or soon after.  STEC inc is a bubble.  The bubble bursted September last year, and sell signals were literally on every technical indicator.  For the longs that purchased at the high, it wasn't a mistake.  There was nothing wrong with buying a stock at 52 week highs. Microsoft, Walmart, and Apple all reached where they are now by hitting 52 week highs.  The mistake is not selling when the trend turned.  Not every trade will be a win...some trade will be losses and it's crucial to understand when to get out.  Even if you got out in the 20's, a 30-50% loss is better than selling it at a 80%+ loss after hitting <$10 in AH today.  Another important point to be made here is to not average down.  There's no sucker play like averaging down in a downtrend.