PPR - Fusion I/O, Inc. (FIO) Logs a Pocket Pivot on a New Closing High
|Published:||15 Jul 2011 23:35 ET|
FIO, which did not hold up into the close on its pocket pivot attempt this past Wednesday, did recover and posted an all-time closing high today as it logged a bona fide pocket pivot buy point as it cleared the 33 price level. The stock tends to be volatile, so we are using a hard stop of 29.95, giving the stock more room than usual. Accounting for such volatility by using a deeper stop in turn dictates that one might also take a smaller initial position size depending on one's risk tolerance.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.