thanks for your technical analysis

My main point in my post is about FA, so if you agree with my FA, but think now is not a good entry point technical wise, that is a good reasoning from your point of view, still I think it is worth to start a small position here from FA point of view, if you do not buy, you will forget about this stock in a couple of days.

JPM, one of FMD's biggest customer has an upgrade on FMD after Sallie Mae event.

FMD was heavily shorted before a year ago, now shorting position is declining, market is starting to recognize FMD's terrific business.

According to yahoo, FMD has a PEG of 0.4, which is a very low valuation.

I have confidence on FMD, my thinking is that even if FMD lose its two biggest customers, it is not the end of the world for FMD, so I have some protection from this regard. By the time FMD loses one or both of its biggest customers due to Sallie Mae, it may already overgrown its current valuation a lot.

There is also an anti-trust issue with Sallie Mae buyout, Sallie Mae, JPM and BAC add together, would occupy 70% of student loan market, (70%, from memory, not sure) government may not prove this buyout.

If you do not believe it is less likely that FMD would lose its two biggest bank customers (JPM and BAC), then you should not invest in FMD.