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Michael Craveiro

Real Money Earned: $0.26
Location: Danvers, MA
Member Since: 7/02/08
Portfolio Total:$670,966.17

Stock Analysis: No Analyses
Portfolio Start Date07/02/08
Annualized Return:-18.2%
Total Return:-32.9%

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Stock Pick by Michael Craveiro

FSYS: A Short That Could Make You Some Serious Money!

Start trading FSYS with real money!

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Posted 626 days ago on 7/02/08

Market call:FSYS will go DOWN
Target: $24.00 on 10/02/08
Current: $30.91 (-5.76% from time of market call)
Close: $31.42 (-4.22%)
on 7/10/08

As far as I can see Fuel Systems Solutions will not be moving anywhere but down within the coming months. It is currently trading at four times the book value of the stock. Invesco, FMR and Wilderhill Powershares (which are all mutual funds) own about 9% each , totaling 27% of FSYS's outstanding shares. They have all had substantial gains that they may potentially want to book by actively selling shares. This surplus of shares hitting the market would have a strong negative impact on the price of FSYS.

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