Applied Micro Circuits Corp. (AMCC)

[raggatag]

I start shorting it @ 9.39 .There is a support at 7$ in weeklys 50 and 100 EMA is a support.Next week
will be a little bad for shorters,I expect the price to rise to 7.50$ and the range will be between 7$ and 8$ ,For new shorters I think this will be the bounce to get in.This week ,the last three days the stocks tries to break below 7$ but without success.Next week I will borrow more shares to short,just waiting to hit the ressistance @ 8$