"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, March 21, 2011

Fuel Tech

FTEK is inexplicably sold down last week after rising strongly off a pretty decent Q release.  Why the opportunity manifested I do not know.  I only know I bought and may like to hold this unique company for a while.  Especially if I hold short the broad markets.  Let the PM's go on their own and stock picking against index shorts - sort of in makeshift Hussman style - may be the way to go for the balance of the portfolio.  Dunno yet, we'll see. 

It'll be interesting to see what FTEK does with this resistance level, because that is a pretty neat little pattern it is sporting.

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