Fabrinet (NYSE:FN)

CAPS Rating: 5 out of 5


Player Avatar techvisions (< 20) Submitted: 11/21/2012 11:10:13 AM : Underperform Start Price: $11.86 FN Score: +1.49

Today's 8 to 10 % morning run up on FN: no company news, no upgrades, no upgrade of the optical sector, FN tech chart in recession, and other optical stocks flat to lower today in a sector that is in decline.... all indicative of attempt to retrace a technical point. Bad timing probably on the manipulators and machine trading, may or may not be able to retrace over the next several days the 30 day high. This is probably a good entry for prospective for shorts if you can catch the elevated price now or if it goes up again in the next couple of trading days. Any agreement or discuss?

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