And being the bottom feeders we are, we watch from the sideline as our last position was in the 14's (off of 5's) last August. Today's news of a China agreement sounds way more like hype than substance for an already way over-valued stock. Shorts are doubtless covering here and this ascending triangle breakout projects up to around 37-38. Then you know what happens next, right?
Wednesday, June 20, 2007
Old friend FTEK 'splodes!
And being the bottom feeders we are, we watch from the sideline as our last position was in the 14's (off of 5's) last August. Today's news of a China agreement sounds way more like hype than substance for an already way over-valued stock. Shorts are doubtless covering here and this ascending triangle breakout projects up to around 37-38. Then you know what happens next, right?
