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Jon Najarian: Buy This Tech Stock on Pullback

After the CEO of Fusion-io appeared on “Fast Money’s Halftime Report”, shares spiked because money pros liked what he had to say.

Fast trader Jon Najarian is among the fans of this tech company, which he said has been under a lot of people’s radar. He's a buyer on any pullback.

Fusion-io was already riding a wave of good news. It made the number one spot on Barron’s top ten tech listtwo weeks ago. The magazine noted the company is “revolutionizing” data storage the same way VMWare did for computer servers. Fusion-io also just reported quarterly results that beat expectations Wednesday and raised its full-year revenue outlook.

Najarian called the Barron’s bounce “deserved” and pointed out that Credit Suisse just upgraded the stock.

To see the full interview with Fusion-io Chairman and CEO David Flynn, watch the video.


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Trader disclosure: On Nov 4, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; J. Najarian is long ANR; J. Najarian is long AKS; J. Najarian is long MS; J. Najarian is long GMCR; J. Najarian is long FSLR; J. Najarian is long DB; J. Najarian is long CME; J. Najarian is long CBOE; J. Najarian is long CIGX; J. Najarian is short SKUL; Grasso owns AA ; Grasso owns AKS; Grasso owns ASTM; Grasso owns BA; Grasso owns BAC; Grasso owns D; Grasso owns KEG; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns S; Grasso owns XLU

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