FSI International (FSII)

Company. FSI International is "a global supplier of semiconductor processing equipment, technology and support services for microelectronics manufacturers." (company website) That is, optical subsystems and components.

Buy. I bought this lot of FSII in early February, after taking profits at the end of January. I thought there might be an opportunity to make more money off FSII, and for a time it appeared I was right.

However, it seems that I have not been giving sufficient importance to a reversal in the buying pressure line (green +DI), especially when accompanied by falling trend strength (black ADX line). The new high on 17-Feb seems have been the harbinger of bad news to come; it was the first of three dramatic down-days that drove the price down over $1.

Nevertheless, I took heart when the price rose again over the 50-day moving average, which was still rising, although volumes were very light.

Sell. Yesterday was another huge down-day and although today's open was a bit higher, the price did nothing but fall from that point on. Money flow (CMF) had dropped sharply, and there was a sudden rise in selling pressure (red -DI line) that overtook buying pressure (green +DI line).

I placed my sell order to cut losses. I still have another lot of FSII (I had high hopes for this one). I only hope I don't have to cut losses on that one as well. Ouch, ouch, ouch!