This week FTE made a very clear statement -- that it's story resonates very well when presented to institutional investors hearing it for the first time (presumption being that FTE management spent the week walking the streets of NYC going to meetings set up by the FSCA guys).
This display of trading bodes well for the company getting invited to invitation-only investment conferences going forward. Those conferences are always looking for "new blood" -- undiscovered gems whose stock gets a big push after they present at the conference. When an investment conference gets a company like that to present, they stand a better chance of getting more attendees on the next one. With the trading last week, FTE demonstrated it would be an excellent candidate for presenting at these investment conferences. Hopefully the FSCA guys are now going to get on the phone and let this be known to the sponsors of these conferences at this point, so FTE can get a full slate of conference appearances lined up when the conference season gets going in the next month or so.
Now that the trading volume has picked up as much as it has, I believe we can start to think about TA for this stock. I like the fact that it seems to be making a series of step-changes, where it makes about a 30% move up and then consolidates at that level for about a week or so, before making the next move up. Hopefully we continue to see this sort of pattern leading up to the 4Q earnings announcement.
