Thursday, September 4, 2008

Short Setup: FSYS

5 comments:

Sia said...

I tried to short this yesterday and I got burned, trying today with much smaller position so I can manage my loss.

Stewie said...

this is a setup that find FSYS lower in the days to come. not a day trading setup but more of a short swing.

Blue said...

That's a good clarification Stewie because on the Daily it's been holding its 20sma line. It's struggling tho, that's for sure.

Hey check out FSLR short on a 1yr chart. Look at that trend line break this Tues. 40pts in 3 days. It may have another 10pts left in it tomorrow before someone tries to save it. I think it hits 210 soon. It's already down 4 straight days on increasing selling volume. Who knows, could keep going...

Yawningbull said...

Food for thought: I have been comparing MFI and price action lately. MFI (14) is already down to 34 with the stock moving sideways. If price does drop it probably wont go far. The decreasing volume looks like a consolidation before moving higher.

Anonymous said...

Shit.. that was a $10 stock 5 months ago. I'm in for a small position for the long haul.... short. It isn't Apple after all. Salsaman. It will be forgotten.

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