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Fuel Systems Solutions, Inc. (FSYS) Message Board

  • kedubob kedubob Aug 11, 2010 9:23 AM Flag

    Small float, high RSI, profit taking, could kiss $28 on lack of buyers and tree shaking

    Question is how many want to step aside and get back in at lows?

    Computers will capitulate if it opens below below 50 MA, and shoot to get back in at 20 MA of around $28.

    X factor though is short interest, will MMs prefer to drive price down and avoid covering. (MMs can print shares as you know, search for "deep capture")

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    • I don't think it goes to $28 unless the overall market continues to tank hard. Sure low float and thinly traded stocks are more subject to outsized moves and manipulation. Deepcapture reference is not without merit as the market is surely rigged and manipulation abounds.

      IMO at this point for FSYS, $28 implies S&P sub 1000 with a clear market break headed down to double dip with now QE2, PPT, or Congressional stimulus. That will happen at some point, but probably not before the natgas energy bill.

      And lets face it, FSYS is doing fine without the energy bill and should go into the mid 40s. With the energy bill, who knows where this thing goes.

      There are a lot of shorts still in this stock and if they are smart they are covering on days like today. I am looking to pick up some shares in the 33 area. I figure everyone is watching 34 on technicals so that is the HFT target to confuse traders. Probably overshoot to 33. Then up to 40+ in the next 3-4 weeks.

 
FSYS
10.80-0.09(-0.83%)Jul 29 4:00 PMEDT

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