More Turnarounds and Breakouts

It only took a week for Fusion-io (FIO) to complete its "turnaound" and become attractive enough for someone to buy it. My thesis from the June 10 column proved to be a bit too conservative. Although I really did think any buyer would wait a few more months to see if things were improving, I was wrong. SanDisk (SNDK) saw something worth going after right now. Whether you bought shares or deep-in-the-money calls, this is a nice way to start the week, although it's not one to wait around on, as I now see other opportunities.

The same can be said for Intuitive Surgical (ISRG), a two-time mention last week. Despite some flip-flopping action in the indices, Intuitive Surgical has been strong and continues to push into its gap. At this pace, it will close that gap by tomorrow....329 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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