Thursday, September 11, 2008

FSYS

FSYS is testing its recent downtrend, will it hold? If it gets rejected here that would be very good bearish signal. Today, FSYS started in the red and fought its way all the way to +6.5%, I am currently short the stock with a stop at todays high, 53.5. But the better play is to wait and see how it acts the rest of today and tomorrow before shorting. If this stock has topped then it could easily to go the high 30s.