Savvy Trades and Investments

[John Bates]

FTK (around 4) went from the mid-6's to around 3.8 a couple of days ago on a warning. Weather-related revenue loss was blamed. The PR may have sounded a bit lame as well, saying that the hope to accelerate new product introductions and closely monitor cost control.

I mostly dodged a bullet here, having sold 3/4 of a 1.5% position when Trump stirred up the energy market last week. What I think will happen here is that once the ER is over, people will forget about it and the stock will be a high beta stock acting as an option on the energy market. Having taken a big hit, it might offer some decent upside. Been nibbling.