STT- Looks like a short to me here. I would play it out though especially if you play options.
The $30 May puts seem like a fair enough risk reward last traded @ $7.
We are in a tight coil here on the markets and will break soon. Just one of those times to sit back and wait for the market to tip its hands. We can go either way.
MARKETJEDI
Sunday, February 15, 2009
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