Fusion-Io Inc (FIO) - Developed a storage memory platform for data decentralization enabling customer to improve processing capabilities. Customers include Facebook, Apple and many big accounts are expected to add this quarter. Rumors of takeover, upgrades by two big banks will lead this stock to much higher levels in the coming weeks. click here to know more about FIO
Current Market Price - $32.25; Target Price - $70 by 12/30/2012 (if it is not taken over by that time).
I was long FIO March $30 @ $1.70 but got out at $2.70 and got in $35 calls @ .75 with target price of $3 before they expire. Lot of chatter about takeover, strong charts, upgrades, IBD are very bullish on this stock, which I think has much more upside from here.
A general Caution and Advise --As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!
- ► 2013 (33)
- ▼ 2012 (25)
Who is Mr.Incredible?
- New Jersey, United States
- Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!