Monday, March 5, 2012

Accumulate FIO on pullback

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!!
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5 comments:

  1. AnonymousTue Mar 13, 12:04:00 AM EDT

    Mr Incredible - Thanks for the nice pics. Just wondering if you have any special analysis for ASCO season. ASCO is about 2 months away and it is a time when many biopharma and cancer drug stocks move crazy. Do you have any plans to have special segment on that..it would be nice to hear your analysis on that..Thanks!!

    ReplyDelete
  2. Mr.IncredibleTue Mar 13, 08:34:00 PM EDT

    ASCO is a pink sheet biotech penny stock, which does not meet my criteria. good luck to you.

    ReplyDelete
  3. AnonymousWed Mar 14, 12:52:00 AM EDT

    I am afraid you got me wrong. I am referring the ASCO (American Society of Clinical Oncology) conference, not the ASCO stock.
    http://www.asco.org
    http://chicago2012.asco.org

    Cancer drug companies move wildly during this time. Its ok if you do not follow this, I was just checking. Thanks!

    ReplyDelete
  4. Mr.IncredibleWed Mar 21, 07:39:00 PM EDT

    Sorry about that...Thanks for providing that information. Out of 7 drugs ASCO's website I see Brentuximab Vedotin - Seatle Genetics - SGEN is the only one I see having momentum in the near future. Take a look at GALE, missed it at .80 since I knew it. Here is a link that you might be interested in http://www.cnbc.com/id/46734212?__source=yahoo|headline|quote|text|&par=yahoo

    ReplyDelete
  5. QUALITY STOCKS UNDER 5 DOLLARSMon Mar 25, 09:32:00 PM EDT

    Fusion sounds like the type of stock that could have great upside potential.

    ReplyDelete

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Who is Mr.Incredible?

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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!!!