days, FIO has closed lower than it opened. Has been a great "short on the open" stock. Will continue this pattern until earnings prove that margins are not contracting and revenues and earnings are rising in tandem.
I remember the good ol' days (six months ago) when an upgrade or buyout rumor would send the stock up $5 in one day. Now, Piper Jaffray and Credit Suisse have cried wolf a few too many times, and an uprade barely bumps the price up 3% for an hour or two.
Those who bought this stock for the next 2 days are likely to be disappointed. Those who are long through year end are likely going to double their investment.
It is terrific to see people lump FIO in with SSD makers (which FIO is not), lousy companies with terrible margins (e.g., OCZ and its myriad of also ran competitors) and EMC who have outmoded legacy systems as their primary business and are now trying to catch the plane that left last year.
See, FIO is the vanguard solution for high end data centers... yes, they use SSDs, but it is the virtualization cut through software that makes this special. Off to the big time this year. Wannabes are eating their dust.
Look for those who would benefit from owning them or are being hurt to take them out at an all time high. partial list: HPQ, ORCL, EMC, IBM, MSFT