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To: The Ox who wrote (2568)	9/10/2013 4:37:08 PM
From: The Ox	Read Replies (1) \| Respond to of 8251

The FIO story has changed a bit in the last few days. Getting more attention and numerous upgrades/price increases. Huge spike yesterday. Gap and total crap today. Should be interesting to watch the next few days/weeks. My guess is that the spike will have brought the options traders to zero in on 13 and the stock will likely gyrate around it but I could see the traders taking it back to 12 or as high as 16 by September options expiration. The size of the short position was massive, which is why I would lean toward the lower numbers of 12 or 13. I would think if one was short yesterday, that it would be wise to have bought and closed out....but who knows? Certainly today's action played perfectly for anyone ready to short the open or early part of trading. The last time I looked closely at the company I thought they would be a steal for some company below $17/share. I still think that way, even though earnings weren't impressive, to say the least. I could easily see someone paying 5 or 6 times sales if the fit was right (the stock is currently trading around 3 times sales). That's more of a $20 to $27 price tag. I have a feeling the lawyers would come out of the woodwork were they to sell below $20/share, simply because the 52 week high is over $30! FIO should finally start being profitable in a couple of quarters and then the price tag is likely to start rising. Purely a guess but low 20s seems about right and closer to fair value, IMO. With that in mind, the stock is still attractive to this observer. We made a nice chunk trading them last year. Probably best to let the dust settle but, as I stated, I see them as attractive at the current valuation.