Monday, August 11, 2008

Fred's, Inc. (FRED) scores new FusionIQ Short Squeeze on heels of strong same store sales

Fred's, Inc. (FRED) which operates discount general merchandise stores in the southeastern United States, such as; Fred's Super Dollar Stores and Pharmacies and Fred's Xpress Pharmacies scored a new FusionIQ short squeeze yesterday as shares traded up on close to 2x its normal 21-day average volume.  With close to 20.00 % of its float short and a point and figure target of $ 23.50, FRED shares offer investor solid upside potential. 

 

FRED shares shot up after reporting on Thursday that its same-store sales rose 4.6 percent in July, beating Wall Street analysts' estimates on higher traffic.

 

Did you also know that Fusion offers money management services ?  Take our complimentary risk profile at http://www.fusioninvest.com/riskprofiler/ or call us toll free at 1-888-661-2022 to set up a call with an advisor.

 

 


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