Fairchild Semiconductor or FCS was one of the many stocks caught up in the woes of economic data reporting today. They however took a hard hit falling a full 0.87 (9.04%) from their former glory, but you can call approximately 3% of that figure an actual fall due to the Q3 reporting and the other 6% you can attribute to market sentiment. With investors tangled up in the choke hold of Citigroup's economic data and the reporting of Advanced Micro devices in the technology sector, it feels as though this stock just took an extra shot on the shoulder from investors with shakey hands looking to cash in on profits causing it to dive even more. So if you are short in the technology sector and want to pick up a 40% gain or better you might keep your eye on this one as it will most likely recover a good portion of todays losses within the next 30 days.
Have a Good one and Safe Stocking.
$8.75 (10/16/09)
