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Wednesday, April 4, 2012

quick thought... FIO

Sandisk indicated weak numbers today, primarily due to weak flash pricing.  This is good news for companies that buy flash, like FIO, as their margins should see expansion if the price was depressed throughout the quarter.

FIO is pretty oversold, and I am waiting to make an additional entry. (I just think the SP500 has another 10 points down, and FIO may get pulled down with the sentiment.)

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