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To: The Ox who wrote (2755)10/24/2013 1:14:00 PM
From: The Ox  Respond to of 8255
 
A little follow up on FIO. Numbers aren't all that bad, IMO. I don't know what the street was thinking or why they have the future expectations so high? Where is the enterprise spending for the past few quarters? Almost nonexistent.

Seems a severe overreaction but then it had a very high short position who are basking in their victory. Probably dead money for a while but I also wouldn't be surprised to see a short cover rally in it at some point soon....could even be later in the day which would trap any new shorts and make those who've been selling all morning scratch their heads.....

edit - it should be noted that almost anyone who bought today is under water.....not an ideal environment for a rally.....