Moving On Maxtor

I wrote yesterday that I’m looking to get shares of Maxtor below $4. Last night, the company disappointed on earnings and gave a dour outlook going forward. The stock is trading at $3.60 premarket, down some 22%. I have a limit order in to buy about half of my target position at $3.50. It’ll probably move fast, so you need to think about what you want to do and get to it posthaste.