really low volume today (on the overall market as well). no one wants to short going into mid-week debt deal.
leads me to believe the timing for earnings next week will correlate nicely with a market run toward the highs.
if earnings does not disappoint, and with a little help from guidance, fusion should be able to rise back to above 17 levels. resistance at 14, and 15 once broken would spur a very fast run up.
15 will be the greatest resistance, but any positive outlook is going to start a huge short covering rally if the market is up overall.
i won't sell shares if it hits 15 again. earliest sell point would be 17.50.
if nothing happens, we're back to looking at 10-13 over and over again.
i suspect if it were to go near 10 again, a sale would happen quickly.
Hopefully something positive for a change. However it's hard to imagine, with a new management team, that the healing process has begun. Nothing wrong with being optimistic but FIO's track record certainly causes one to take pause.
No pre-warning means squat to me. There's plenty of examples of road kill this year where company's didn't pre-warn and you know what hit the fan after the fact.
Today, FIO has zero credibility with the marketplace. They don't need another hiccup!