Flotek Inds (FTK)

[imperativity]

The original poster of this comment replied with this when pressed for additional context:

" I am not a technician by any means. So, my definition of “normal trading range” is in the context of what I have repeatedly posted herein (ie a valuation of $3.60 to $4.60).

To me, it does not make “a lick of sense” to project the future price from a historical chart pattern particularly when the future expectations of economic conditions contradict the chart readings. I will not debate it. Sorry!

If I am wrong and the company guides beyond my expectations, I believe I can always jump back in.

However, given the new research not shown on the stock chart and the amount of gains I had, it made sense for me to get out.

Flotek is a smaller company now. So, it’s valuation is not reflective of it’s historical chart.

That said, if the company guides the current quarter beyond $70mm and the expenses are well under control, the stock, imo, will rise to the $4 dollar range easy. That was my old expectation considering a full quarter for FC which is supposed to close by the end of March. Now, I am less optimistic that the company will report those numbers for the 1Q19.

By the way, if I am proven wrong, I can always jump back in if the guidance warrants it. JMHO."

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Just sharing this in the interest of the board.