Day traders shouldn't be involved in this stock. If you want to make a point or two and leave the game find another stock. FIO is for those that understand investing and that day to day share price can not be controlled and that the value of the company will show itself over time. If FIO traded $45 in 6 months would you be happy? That would be a 50% return in 6 months. You probably wouldn't be happy unless it went straight to $45. Let me know when you find one of those stocks that goes up every day. Traders should sell there shares and watch us investors make the real $s. here.
not up everyday but as i said higher highs and higher lows is a must.the bottomline is that this is DOWN almost everyday..6 of last 7 and should have NEVER broken support @30/31 (which WAS resistance) you can say whatever you want but until this breaks through 34 its crap in my book and it wont do that anytime soon.it went to 33++ and couldnt get through...thats fine..it should have pulled back no more than 8/10 percent MAX which would be between 30/31..it went well past that.ENJOY!!!
Don't get frustrated. Trading is all about patience.
This stock is about ready to take off, in my opinion. I am by no means telling you what to do. It should clear final channel resistance tomorrow (likely after hours). This does not imply it will go up tomorrow, but it will likely do nothing as today. Wait for Monday ... if it doesn't gap up, you will at least see it start making a big move.
The stock got slammed at 33+ so it would come down to weekly channel support (which it now has). That means there is a big move ahead. Actually, this is true for many stocks at the moment. Look at AAPL ... it came down to 590 this week ... weekly channel support. That alone should indicate to you what is planned for the next weeks.
Good luck, and hang in there. There is a lot of light at the end of the tunnel. :-)
lol ah not hardly..i have been trading for 10 years and have done very well most of them.The bottomline is that the street is saying one thing while doing another.if the stock was in such demand and the big money wanted in it would have got to maybe 30.5/31 form when it hit high 33's.Stocks in HUGE demand only dip for a few days and buying sucks up any selling asap.this has been down almost everyday for a week.You can say whatever you want but this is a pos.Come talk to me in a week or two and we will see who is right.I dont give a crap about 6 mths from now so dont start with any long term BS...I broke through major resistance @30/31 only to go right back under and a great stock doesnt do that.Support is support and when resistance is broken...that becomes support but not for this dog.Enjoy your losses