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| 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.
