According to INTCs latest earnings and conference call, INTC is having strong double digit growth in data centers and making chips for CSCO who is specializes in network and data. So if INTC is taking up market share in SSD technology for enterprise and data, where does that leave FIO? I suspect some savy firms got an early preview of the INTC earnings contributed to today's price action in FIO. What goes up must come down. All the lemming bulls who follow nonsense postings on these forums are CRAZY! I mean price targets of $30, $40, $60 are insane! If you take into book plus cash and 2x multiple, you are looking at a $18-$20 stock which is right where FIO trades back to when speculation over buyouts is not at hand. Anything over $20 is an over bid. If you are long at a higher price average down and when this stock bids back up again going into Jan 30, market it sell it between 3:30 - 4:00. Do your homework read the INTC earnings and transcript, don't be manipulated by posters like sqeezetracker (who I suspect is not a he but some fat lesbian chick) who work for firms and an only seem to reappear when FIO is green. The truth is while it is pumping this stock with nonsense, they are back handed selling it to retail and trying to "squeeze" every penny they can out of you.
jaywillis, i think you've done the best job of laying out the "con" case on this board. while I believe to some extent that the CS research has merit, you're absolutely right in terms of how this stock has traded. my fear is that many investors see the $50 target price and assume that if the company can't get there on their own, then an acquirer will provide it for them; waiting for the "big acquisition" is a poor reason to own a stock.
INTC is a large, desperate giant. They are playing catch-up in many areas. It's now a no growth, dividend story. And they let ARMH blow them by. FIO is the emerging leader in storage and is setting the tone for the future. Lots of naysayers here because of valuation. But this is typical of small, growth stories. You have to put up with the hedge funds and weak hands.
You really are mis-informed, as most are on these message boards. But, if you don't like FIO, just move on and participate in the MBs of the stocks you like. You have nothing to contribute here.
Jaywillis the toolbox....are you paying any attention to what's going on? FIO is changing the game. All will take notice. 40 bucks is cheap. 8 billion market cap in the not to distant future....
OK man, back up the truck, mortgage the house and buy FIO. Read yesturdays news about FIO's new SSD price point per gig, the reason they had to lower it was .. Cause They Aren't Selling Any!!! Perhaps you'd be better off taking that cash to the casino at least when you loose it they give ya a free drink or something, with FIO all you'll get is another brokers fee to add to the pain