shorts attacking FMD

Discussion in 'Stocks' started by krazykarl, Apr 19, 2006.

  1. I've watch the charts over the past several sessions and it looks like the shorts are trying to beat it down.

    anyone else watch this issue on the daily?
     
  2. I've had FMD on the radar for the last few days. Every time I think about purchasing a few shares, price takes a nose dive. Judging from the attached chart, it looks like FMD has found support at the $44.50 level.

    - Spydertrader

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1043800>
     
    • fmd.jpg
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  3. So much for price holding support.

    - Spydertrader
     
  4. It's moving on non-existant volume - like people are tying to trigger sell systems with market orders.