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Tuesday, May 29, 2012
Good Exit Point in FIO
This looks like a good exit point in Fusion-io; it's at the upper bollinger band and has yet to break the blue line of resistance. The pattern lately is sell on the good analyst recommendations for FIO. However, longer term it looks like FIO has based out and can possibly have a very violent squeeze upward, sometime soon. Based on these macro economic conditions and cuts in IT spending, I think a buyout is FIO's only savior here. It doesn't look too good that DELL will be knocking after their earnings report.