Barker

The FIO Trade. NOTE: Earnings 4/24

Long
BATS:FIO   None
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Afterhours FIO seems to be topping out around 18.50. If we can open AND close above 18 tomorrow we should see the short squeeze kick in.
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Not bad Barker .. thanks for the reminder on this one. Bought some deep-out-of-the-money Calls for May, looks like it will really work out well.
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OptnTradr QuantitativeExhaustion
Nice work on this one
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FIO Fusion-IO, Inc. NYSE Computer Hardware
Short Interest 40.03%
Float 71.96M
Shares Outstanding 95.76M

http://www.highshortinterest.com/
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Barker QuantitativeExhaustion
Just want to remind everyone that FIO Reports Earnings tomorrow after the close. (4/24)

Some past earnings data:
In Mar 2012: Reported EPS at 0.06 vs. estimate at 0.02 (surprise of 200%).
In Jun 2012: Reported EPS at 0.09 vs. estimate at 0.04 (surprise of 125%).
In Sep 2012: Reported EPS at 0.14 vs. estimate at 0.07 (surprise of 100%).
In Dec 2012: Reported 0.13 vs. estimate at 0.08 (surprise of 62.5%.
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Little retrace during the day, price topped out end of day, and Volume did not dry up at all during the day. That's a good sign and keeps this possible mega squeeze alive. 18 very possible tomorrow, 25+ after earnings if FIO can report anything positive to keep this going.
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Flag still alive
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