DOGS portfolio update: DELL + HP + RIMM

I’m taking some dough and building a dogs tech portfolio starting with DELL, HP & RIMM.  I’m planning to hold 3 quarters or more — what other companies should we be researching for the dogs?

New FIO Chart from Blue Collar Investor

FIO came up as one of the candidates that survived Blue Collar Investor’s rigorous screening for covered calls as of Sunday based on Friday closing prices.  Many many thanks to Barry Bergman of BLUECOLLARINVESTOR — see link here:  http://www.thebluecollarinvestor.com/

 

FIO UPDATE: ioDrive2 Trouble?

from Seeking Alpha’s Spencer Knight:

“Fusion is working out the kinks for the ioDrive 2; which is turning out to be a more difficult task than expected.”

This is the first I have heard anything about challenges getting the ioDrive2 into production — frankly, there was no attribution for the comment so I am really wondering if it’s accurate.

Here is the post:  http://seekingalpha.com/article/344671-why-you-should-sell-fusion-io-buy-emc-and-commvault#comments_header

FIO Institutions and Funds Hold 50% of Float

Here’s the table direct from YAHOO:

Top Institutional Holders
Holder	Shares	% Out
FMR LLC	3,690,000	4.42
TCW GROUP, INC. (THE)	3,681,292	4.41
NEA Management Company, LLC	25,935,930	31.1
GILDER, GAGNON, HOWE & CO.	1,740,931	2.09
Capital Research Global Investors	970,189	1.16
LORD ABBETT & CO	937,364	1.12
Valinor Management, LLC	750,000	0.9
THORNBURG INVESTMENT MANAGEMENT INC.	636,816	0.76
JAT Capital Management, L.P.	589,800	0.71
EAGLE ASSET MANAGEMENT, INC.	559,887	0.67
		47.34
Top Mutual Fund Holders
Holder	Shares	% Out
FIDELITY GROWTH COMPANY FUND	2,586,756	3.1
TCW SMALL CAP GROWTH FUND	744,451	0.89
THORNBURG CORE GROWTH FUND	630,700	0.76
LORD ABBETT DEVELOPING GROWTH FUND	397,549	0.48
Allianz Fds-RCM Technology Fd	316,110	0.38
Eagle Series Tr-Eagle Small Cap Growth Fund	305,360	0.37
FIDELITY OTC PORTFOLIO	298,124	0.36
FIDELITY CANADIAN GROWTH COMPANY FUND	264,590	0.32
FIDELITY ADVISOR GROWTH OPPORTUNITIES FUND	207,800	0.25
JP MORGAN SMALL CAP GROWTH FUND	199,330	0.24
		7.15

As a comparison, OCZ is at 81% and STEC is at 87%.  The reason is simply there are not enough shares of FIO to go around.  That will change next month when an additional release of shares comes online and institutions can purchase without triggering SEC-required reporting

FIO Analytics for Monday November 21st

This chart is brought to you by:  The Blue Collar Investor:

Note:    Near-term downside target is $32 – $33.

FIO Analytics for Monday November 14th

The following chart was created by Barry Bergman courtesy The Blue Collar Investor:

NOTES:

Looking slightly bearish but could change based on news coming from Europe.   

However, the reasons that I’m slightly bearish:

• Possible Head & Shoulders forming (very bearish)
  • Left shoulder and head in green circle
  • Possible right shoulder could form in vicinity of red circle
• Trend line broken over last two days…close below trend line (red)
• MACD, a momentum indicator, is showing bearish (histogram below zero line)
• Stochastics showing a bearish trend (below 50)
• Decreasing volume 

Potential near term targets:

• Next upside target – $35-$36
• Next downside target – $28-$29…the gap area due to Barron’s article

Fusion-io Files S1 for Follow-on $100m

I just read the new S1 and I have to say this is a great submission — really the poster-child of registration statements.  Full Disclosure:  I am no expert and I am long FIO.

S-1
General form of registration statement for all companies including
face-amount certificate companies
Filed on 11/09/2011

Is this blog material?

Financial Update from Yahoo Finance

• Stocks Turn Higher; Berlusconi Expected to Resign 

at TheStreet Tue 2:22PM EST

• Stocks Fall After Italian Vote 

at The Wall Street Journal Tue 2:19PM EST

FIO TECHNICAL ANALYTICS FOR MONDAY

One of my pal’s from back east just crafted this chart:

 

Chart shows 2 Bullish patterns:

• Inverse Head and Shoulders
• Cup and Handle

Both may have finished a short term run because of:

• Bearish Divergence in volume
• On Balance Volume (Institutional buying/selling) is beginning to turn
• Price is at the upper Bol Band…normally, price action after hitting or piercing the upper band tends to revert to the mean and come back into the bands…towards the 20 SMA
• Most recent candle is showing a “Doji” (almost).  A Doji indicates indecision and at the top of a price movement can  potentially indicate a reversal is coming up.
• Net/Net…watch this like a hawk!

FIO GUIDES TO 55% INCREASE FOR FY2012: $381.5m

FY2011 = $197.2

The company now expects full-year revenue of $381.5 million, a growth of about 55 percent.

It had earlier forecast a 40 percent growth.