Bookkeeping: Stopped Out Most of Starent Networks (STAR)

I didn't see this yesterday but in the last 10 minutes I was stopped out of 95% of my Starent Networks (STAR). I gave it a wide berth (so I thought) and had a stop sitting at $22.15. Looking at the intraday chart there was a mountain of volume in the last 90 minutes that forced the stock down to $22.00.

We had expanded our exposure a week ago Tuesday, with shares at $23.10 so booking a manageable 4.1% loss on the batch - about a 3% exposure. This is the 2nd time we've been stopped out of this name in 2 weeks, so the weakness is telling us something.

This is one of my favorite names fundamentally but I won't ignore technicals - any stock falling in this type of market where Kool Aid is dripping off keyboards across the world has to make us take notice. It has not really rebounded today either, and is stuck below the 50 day moving average for now - we want to buy when it gets back over this level or it if falls say - to the 200 day. For now it is no man's land. (is that a tiny gap at $20?)

[Jul 24, 2009: Rebuilding Starent Networks on Good Earnings]
[May 11, 2009: Starent Networks on Mad Money]
[May 8, 2009: Bookkeeping - Beginning Starent Networks]
[Apr 29, 2009: Starent Networks (STAR) 3G Player with 4G Potential]

Long Starent Networks in fund; no personal position