Thursday, November 29, 2012

Thursday evening


Thursday Afternoon - Storage needs still growing

FIO Daily Chart (11:15AM)
The cloud and mobile devices continue to ramp storage needs at unbelievable rates.  The trajectory puts that of our national debt to shame.  FIO is going to be acquired sooner or later but in my opinion it's a great value as a stand alone company.  It looks like the 20 day sma is providing short term support and the stock is making another assault on the 200 day.  This will be the 3rd try and they are frequently successful.  I think it will get through and continue on to test the50 day.  I'm long some calls and looking to add.

Thursday Morning


That's why we're here.  This is a tough gig.  Everybody needs some help from time to time.  If you want a second opinion (yours is the 1st) just ask.  There are some excellent traders here and they may see something you don't.  In the final analysis only you can push the buy or sell button but if it helps to talk about the idea before you do .... we're here.