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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: Brushset28 who wrote (2155)6/14/2001 1:41:31 AM
From: Michail Shadkin  Respond to of 6873
 
Brushset28 - Re: FIBR

Fundamentally they are very weak.
burn rate is very high and cash is 2.65/share

Based on chart I dont think its a short yet.
Needs 1 final blowoff spike day, then a retrace of 2-3 points.
next resistance at 17.75

last 10 days volume much larger than usual.
look way overbought based on fast stochastics

If you are long, I would take profits.
But, I am not that familiar with the company.

traderpulse.com
Michail