SQNM made an excellent $4.55/share UP-move, which began at the intraday Low of $4.10 on February 2, and peaked at the intraday High of $8.65 on March 2.
A 75% Fibonacci retracement of that UP-move ($3.40/share) has now been completed; and a significant reversal should now be anticipated.
From a Fibonacci perspective, at least 25% of that DOWN-move ($3.40/share) should quickly retrace back to the upside. 25% X $3.40 = $0.85/share --- so we will almost certainly see a near-immediate retracement back up to $6.10 ($5.25 + $0.85).
A 38.2% Fibonacci retracement would see a near-term share-price of $6.55.
$6.95 would represent a 50% retracement; and $7.35 would be a 61.8% retracement.
With all that in mind, I just bought @ $5.26, here in the after-hours session.
There are one or two people like hollan who have a lot of screen names and go around and 1 star any post they don’t like and 5 star the posts they like. None of it has anything to do with the actual substance of the posts.
When someone like hollan starts a thread like “folks I am excited today” and then posts 3 or 4 more times on that thread and all he says is buy buy buy. After he goes back and 5 stars himself for those wonderful, useful words, it sort of makes the star system useless.
Wow, Tanalyst2000's first target of $6.10 was hit in the premarket and his second target of 46.55 was just missed by a penny. If that target gets taken out, his next target is $6.95, then $7.35. THANKS TANALYST!!!! I'M UP OVER $4500 IN 2 DAYS, THANKS TO YOU!!!
Hey, Tanalyst, didn't you used to post often on the Finisar board, way back in the old days. You were always calling fib reversals and nailing it right on the head, every time. How are ya? Where ya been?
I remember FNSR...I'm in at 5.90....think I paid to much for now. The analyst, should be hung, can't beleive I was drawn in on this....
I've been in and out of this, loss more money, then made. I think here we go again, the IR Dept. sucks and is inept.
Shorts own this stock...Think 5.90 was over priced??? I know options played alot on pps decrease, I should've known, moth 2 a flame.