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Strategies & Market Trends : The New Economy and its Winners

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To: The Ox who wrote (56800)3/20/2014 1:29:28 PM
From: Lizzie Tudor   of 57684
 
FEYE- amazingly, about 4 weeks ago (I'm not going to bother looking)- prior to the SF security conference, they hit a low of $66.66 which turned out to be THE buy for the move to the mid-90s. All the traders on stocktwits were saying that "devil print" was the roaring buy sign.

This a liquidity driven correction in FEYE so I don't know if those supports will hold. I suspect they will.

If you look at a chart of WDAY and some other glamour names the chart is similar. Big runup 2 weeks ago for all and quite a pullback.

I own FEYE from much lower levels and don't really trade it. I only watch it. I suspect the company wants to stop the bleeding since the secondary was bought at 82 by big names. I have no doubt they will have a stellar quarter.
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