P/C ratio for FEB 16 is around 2 that means 4.2 million shares want FIO to be less than the bulk at $19 would say $16 is getting greedy, but you never know, it could go there, not a lot driving this stock higher. Also, another point to mention, if fusion IO misses next quarter, then omg, the clip from 21-17 is going to seem mild. This stock is rather risky! BTW what on earth are they spending $17 million on in R&D? I think the best bet for all who lost money is to go get a job there, they must pay well. Another thing that ticks me off is, why are they excs 10 million in stock last quarter, while the share price got clipped almost %50 since. That could have been a dividend, stock buy back. They obviously dont give a kcuf about the share holder. This company had negative earnings all last year and they are paying their excs 10 million in the last quarter, kcuf FUSION IO.
Support at $17, resistance at $17.90, break down =$16.50, break out = $18.70.. Right now its over sold if not getting there. High risk short. Right now any big upside move will probably end around $18.70. The bears want fusion Io as low as possible going into the end of February so that they can collect on their puts at expiry. Would suggest selling long on the bounce off the oversold condition. Any move upside $20 may take 6 - 12 months. A play might be sell off the bounce, short into Feb expiry, and reinvest mid April catching next run up into earnings, but don't get emotionally attached, earnings are most likely going to be just as wonderful.
Wouldn't touch call options right now, whole markets aching for a Washington debacle over the debt celling which means any February / march buys could end up worthless if things get ugly, remember Whole Market Action trumps all
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.
Yeah I got duped long into this stock by ole squeeze tracker back at $23 bucks, then when I saw marvels new ssd I switched into sell fio buy marvel.
At some point I am going to have to buckle down and seriously consider looking into the secret world of volatility... its the biggest pain when trying to run forward projections on option performance. Right now I just use what my broker posts for the particular option, but I've noticed that other brokers and option sites have different volatility quotes, all at the same time period same option. so like I said, the system is geared for the options seller, but selling options sucks cause it ties up to much of your capital, which #$%$ me off, why does my broker get to keep the sale from the option as well as lock your account up with the price of the option as if it was exercised. Crooks.
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.
Go out and buy some March 14 Puts, if FIO misses, its going to get so ugly tomorrow, the shorts are going to give this atleast a %15 hair cut gap open before tomorrow morning. Being a successful trader is more about protecting what you have than risking it.
Suppose longs can make the case for it retesting $18.70, BUT what happens then, what are you all going to be saying when it breaks through 18.70, will I get to preach to a whole new set of Yahoo longs who will then claim the bottom is at $15 and any day now its going back to $19. You all don't get it, SOME ONE HATES THIS FIO, some one with deeper pockets then all of retail combined. Just a week ago JPMorgan came out with a nice upgrade and look where FIO is now... back in $19 dollar land, and whats even more dangerous, is that ole FIO is no longer OVERSOLD
Ok... to all you long bottom pickers, how's dat working out for you, saw some poor trader claim to buy 3000 long at 19.70... must have been hurting to be taking an immediate $1500 loss just on that at 19.20 today, can't even imagine what the full cost is. When are you longs going to open your eyes and look at the CHART!
I was unhedged and long, I would be feeling pretty sick right now going into Thursday, I'd be thinking "if I can only just get back to even"