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Re: bbotcs post# 57178

Monday, 10/30/2006 1:29:03 PM

Monday, October 30, 2006 1:29:03 PM

Post# of 173812
bbotcs...FTK...My thought on FTK is wait till the excitement dies down and winter boredom sets in. FTK bottomed at $14.55 on July 19th, then after 2nd quarter earnings it hit $20 on July 26th. Then everyone got bored and sold oil/ng service stocks. FTK bottomed at $13.60 or so on September 11th. Now it is back over $20. I'm not big on timing the market, but if you are patient in buying and selling a person could follow ONE STOCK and make a great return. I think that NG supplies and high reserves are going to continue to cause service stocks to be volatile as heck for the next quarter or two again. FTK doesn't report again till March or so. In the next few months there will be a killer opportunity to buy again, but patience will be the key.

((Look at DXPE. In the same time period in went from $22 to $35 back to $22 now almost $30. ALY is just as volatile))

Dave

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