I am the only one on this forum who gave a detailed projection of FIO's future a month a ago, and had to call people like squeeze tracker/jddhdhhd/gumsterloon out, no one listened, all I got was flack. Well here is the new prognostication, for a revised projection, of a yearly short fall of less 100 million, a 300 million clip in share price is a bit over done. Fusion IO is a 18 - 20 dollar stock. Plus its reaching if not reached over sold territory for all the charities. If long and didn't get shaken out, there will be a better day to sell. As for me bought all my calls back, and sold all my puts, was strange , got less than I expected for the puts considering stock was down 25% to where I bought them at, dunno, options are rigged, price projection yesterday was a lot more lucrative. Greeks seem to magically change in favor of the seller. Guess it why media keeps complaining about the non transparency of the derivatives markets.
Same thing here on the puts magically losing 100 per cent time value with two weeks to go and now you can't get anything for the calls going the other way. 30% short interest is holding this up, watch next Monday. Surprised anyone wants to have this on their end of month.
jaywillis420 I have to say you are correct with your claim. It happened just like you said it.
I was way too bullish with fundamentals to listen to your posts.
What is your time line for 18-20. Is it till next earning. And what is your long term view of the company, and their technology competition.
Few days perhaps, when in doubt, check your fellow stocks, look at EMC, FIO was at $18 this morning, now I say that relative to the entire market, major indicators are scorching the oscillators and starting to show signs of weekness, remember over all market action trumps all, so... if that starts to break down, ole fio could visit $15 or worse, but... last time it saw $15 it took a rocket to $42, dunno prolly over some buy out speculation. This stock seems to be easily moved due to the less than 2% retail holding. All it takes it seems are games people play when they shift stock around from one broker to another to move it.