Insiders have been picking up odd lots of this stock at around $24 per share for the past several months.  It sold off this morning to a 52 week low of about $17.50.  It seems to have a product line that should have a very bright future and is turning a profit.   What is not to like about this thing?

uh

I don't know, but I started buying like a frenzied warthog at the close today. It was just one of those days that opportunity knocks. It is good to have some dry powder.

chili

Are you rich yet?  That thing is flying this morning.

uh

Maybe the fact that it even at 17.50, it's trading at 125x earnings???? I'd love to know who is shorting this stock, but can't seem to find any info. Anybody have any ideas?

Cheers, Steve 

It is an interesting company with a bright future. They have a technology that is used by utility companies and other manufacturing companies to make the emmisions cleaner. They also have a subsidiary in China and if you want an indirect play on China, this is a good one to take a shot at.

I am watching them but I just don't think the timing is quite right at this point in time. As someone else wrote, they are pricey and in this market, speculative. I am waiting for one more drop. Otherwise, I just as soon wait until their next earnings comes out since they took a big drop after their last earnings were announced. If I have to pay a little more later on, so be it.

FTEK had a surge in price on heavier than average volume in the last hour of trading today.  This pattern usually means a gap up at the open in the morning.  Some follow thru after the gap would be a signal that this stock is ready for a run up.  If there is no follow thru within 4 hours or so the price will probably drop to fill the gap.  

uh

3/17/08 appears to be an island reversal but I am not for sure.  When it was bid above 20 I put on a trailing stop and have been stopped out. It was a lot better buying when I did than to buy when others were saying "it's time to buy", back in the high 20's. The overall market will tell the tale. It appears to be in a long term uptrend but I'm not a long time trader. At the present I am short the S&P by using the etf SDS.

It is hard to figure out what's going on. I am also short oil and gas by using the etf DUG but it is kicking my behind.  Don't base your stock buying or selling on what I post. Listen to the pro's.

I listen to some of them. ;)

chili  

Yes, and what a break.  There was some established resistance at the 21/22 range. Once it managed to pop over 22, it was off to the races.  There isn't much on the chart to slow it down until we get to the 28 level so this could be a dandy run in a bear market.  I would like to see some heavy volume sustained along with the price rise over a few days.

uh

"Law pity me". That was as close to cussin' as my grandma ever came. She didn't know what a stock was but she could read signs, like when a hen started clucking, it was time to gather eggs. Sometimes I think she was smarter than most now days.

FTEK will probably sell off tomorrow on profit taking. If you don't like to trade in and out then it will probably go up over time.

chili  

A wise man would probably have already taken his profits on this move, but since we had an intraday consolidation and correction, I am still sitting tight.  The stock does have a history of stringing a couple of these days together.  Anyway, I never was very wise.

uh 

There was a large lot traded near the close but I don't know if they were buying or selling.

I guess somebody sold and somebody bought!

It did not close below the 50 dma so you may be safe. I hope so.

Good luck.

chili 

Excellant observation.   I checked the 1 minute intraday chart and it looks like at 2 minutes before the close a large transaction went thru on an uptick, so I would call it a buy.   Todays chart looked like the stock is building a base from which to go higher.  We'll see what happens.

uh

FTEK closed at a new ytd high today, but on light volume.  I like everything about the chart except the recent volume has been low.  It would be nice to get one day of heavy volume just to confirm the direction that it is going in, but it is rare to get everything.

uh

After today the chart looks good. I may have to pick a spot to get back in. I let some fool talk me out of my coal stock (JRCC) when it was around 17. If you want to, you can set a stop loss limit order at 22.70.

I bought SPY today. I need to work on my stop loss orders. No more trailing stops for me.

chili 

is up $1.29 to 25.25

Can't find any news to explain the pop.

Gene

There is an announcement on M* stating that FTEK will be reporting qtrly earnings on 5/6.  Apparently the market is anticipating something good. 

 uh

There is an announcement on M* stating that FTEK will be reporting qtrly earnings on 5/6.  Apparently the market is anticipating something good. 

 uh

[/quote]

Hi Uh. What in your estimation would be a good entry point for this one? I obviously missed out on the December downturn. This thing didn't start taking off until '05.  So if the Dems get in, do you think this thing might grow some more with the green movement? I'm a little "green" myself on this one .   ;)

There is an announcement on M* stating that FTEK will be reporting qtrly earnings on 5/6.  Apparently the market is anticipating something good. 

 uh

[/quote]

Hi Uh. What in your estimation would be a good entry point for this one? I obviously missed out on the December downturn. This thing didn't start taking off until '05.  So if the Dems get in, do you think this thing might grow some more with the green movement? I'm a little "green" myself on this one .   ;)

Speaking strictly from a T/A viewpoint, yesterday was a good entry point when it broke above $23.13.  For someone that is a bit more cautous, a close above $25.00 and a stop at $23.12 should provide as much confidence as is needed.  A break above $25 should start a run to the $29-$31 range.  My feeling is that anything beyond $31 will be dependant on the quarterly earnings report.
Do your due diligence,

uh

Why did FTEK vapor lock around +67 cents? The candlestick chart shows all red today and there is another pesky gap to fill. Could be able to get in a little lower, and maybe not. I am betting lower but it is in an uptrend. I'll buy back in at the 50 DMA which as of today is 20.70.

Did anyone notice the large lot that traded at the close on CDE?

Good luck!

chili  

I think the gap up this a m will be a gap and run which may never fill.  We'll see what happens there.

Based on $XAU there may have been a few miners that had large buys in the last few moments of trading.  ANO also had high volume, positive activity just before the close.

uh  

FTEK is not a miner.

chili

FTEK is not a miner.

chili

[/quote]

I know.  CDE is and so is ANO. 

I'm not sure what you mean by vapor lock.  FTEK's price did tail off during the day, but surged up into the close.  Nothing goes up in straight lines.

uh 

I was flicking and clicking that day so forgive me. Sometimes, when you get old, things don't register as they should.

It seemed to me that when FTEK landed around +67 cents it couldn't be moved which seemed strange to me. Long term investors shouldn't worry about these little things. I am just looking for a place to get back in. Like you said, trees don't grow to the sky. Even though it is in an uptrend, There will be a time to buy back in.  

I can't do ANO with only 8 employees. Still looking for an entry back into CDE.   

FTEK is selling off sharply as I type.  I have found no news and the earnings report is not due until next week.  I am guessing that someone is trying to drive down the price so they can buy a bit cheaper.   This would be risky, but it might be an entry point. 

Fwiw, I still have mine.

uh

The candlestick chart is giving a "dark cloud cover" bearish signal, RSI is dropping off, and the money flow index (MFI) is tanking.

I may get my entry point after all. If it hits the 200 dma I'll buy back in. (22.60)

chili

Good call.  FTEK just bumped up from $22.50.  Volume might be diminching on the rise though. 

uh

Hi,

I am new to this forum, and found this thread on FTEK here. The company seems to be a good investment, and I heard it reported record results for the first quarter. Would you advise me whether it's not to late to enter FTEK or maybe it's worth waiting another downturn? Thanks.

jen
 

No, it is not toolate to get on board.  Only the historians ever know for sure and they don't know until it is too late, but my feeling is that any price at $22.50 or less is a bargain.

jmho

uh

I'm an FTEK'er again.

chili 

FTEK held up well on a down day. I'll take that as a positive signal.

chili

I did.  FTEK is one of the few that I am staying with.

uh

What's making FTEK charge ahead this time?  I couldn't find any worthwhile headlines.   Perhaps it is just a run after a pause. 

uh

The SEC has Merriman Curhan under investigation.

 http://www.reuters.com/article/marketsNews/idUSN2940269420080529

Rich L 

Okay.   How does that affect Ftek?

uh

The firm has an analyst who is bearish on FTEK and it is believed that the firm and or clients have heavily shorted FTEK. I just checked shortsqueeze.com and it indicates that nearly 50% of the float is shorted which is an incredible amount.

 Rich L

Thanks, I was aware that someone was shorting the stock in a big way, but I did not know who it was.  This could take a lot of pressure off the stock.

uh

M* has a rather ambitious fair value of $53 on this stock. I am not aware what is the time frame considered for this price. Looks like earliest this price can be achieved is 2012 if everything moves as projected or  perhaps earlier if GE buys this company depending upon the price paid by the latter. I invite knowledgeable thoughts on achieving M*'s price. My own average purchase price is over 25.

The only intelligent thing I could say is the number that they got is predicated upon the inputs used in their discounted cash flow model. Perhaps mainly due to the revenue/income growth rate that is anticipated in the future. Their value of $53 is probably a good ballpark number to go with give or take 10-15%.

As for a takeover by GE, that's pure speculation, and I would not even think about it. You have a higher probability of making significantly more money 10-15 years from now if FTEK were to operate as an independent firm rather than from a GE takeover.  

Considering that FTEK has a joint venture with one of their subsidieres in China,as per value line, I think that a fair value of $53 per share is conservative. M* is usually very conservative in their valuations. FTEK recognizes their revenue once their contracts are put into place so they have a huge back log right now. I did listen into their last conference call and they have a ton of new projects in the works. In addition, what I also learned was that in addition to the new emmisions laws coming into place in 2009, there in another environmental law that is due to change in 2010 which isn't that far away. Its product will be in huge demand going forward and if they increase their estimates next year, I could see them hitting the fair value number by 2011. Keep in mind that FTEK has been moving in a lousy market envirnoment.

I agree that the GE takeover is pure speculation and I just as soon see FTEK go on their own, at least for the next 2 years. The funny thing is that I was thining a little while ago that GE and FTEK could be an interesting combination but I wasn't going to write it because I don't like to writte specualtive things just based on my thoughts.

I entered this baby at $25.  Needless to say, this would be a wipeout if I were to sell.  I believe in cutting losses, but I've been searching for news--nothing. 

This stock is just a playground for traders?

I would like to add, but I am feeling that I should wait until the broader market shows some sign of bottoming.

uh

I agree 100%. In a normal  market, this would be a great entry point but you have to know the environment and now is not a good time to buy anything. I would either wait until the market settles down or at least another month until after earnings.

If I didn't already own it, sure it would be a great time to take a small position which is what I did last March but adding to a small position to make it a large position right now is not a great idea.

The action before the close today is interesting.  It looks like one buy of 600k shares, 10 minutes before the close.  That does not look like short covering.  It looks more like a large investor accumulating some shares.  Perhaps we have our entry point.  Thoughts anyone???

uh

What would  reinstatement of the up-tick rule do for this stock?  At first thought, it would seem to be bullish.

uh

I thought everyone might be interested in this news release;

Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems for utility and industrial customers, announces that it will release second-quarter results on Monday, August 11, 2008. In conjunction with this release, management will conduct a conference call, which will be simultaneously broadcast over the Internet.

Monday, August 11, 2008

9:00 A.M. Eastern Time

This might explain the uptick we got today.

uh

Perhaps the earnings report will trigger a short squeeze..

uh

I don't like to average down, but that earnings report looked O K to me so, I bought a few more shares at $15.00 even.

uh

Apparently I'm allalone here, but a 17% gain in one day implies to me that some one is covering their shorts.

uh

Apparently I'm allalone here,[/quote]

I read you, UH. 

I listened in on the conference call and I liked what I heard.

I am low on cash and I bought more in July but I picked up some chunks for my

clients $ 16 last week.

The economy is unlikely to drag it down.  Short sellers or just general market conditions might have a negative effect on it, but the economy has a screaming need for it's products.  IMHO

uh

I couldn't agree more. Not only is there a built in demand for its product

but the Chinese upside isn't even built into the stock price.

I feel all warm and fuzzy over this short covering.  Between FTEK and SLV, I had one of the best days of my life.

uh 

They made a nice run late last week.

I sold half my position on Thursday @ $23. Hated to do it but the last time they got this high, I didn't and said that if they made it back this  year, I would put a stop  limit on half the position and take the nice profit in my Roth IRA.

I am still in it with a nice position and then bought it back at $ 22 on Friday LOL!!

[quote user="judyken"]At $15.60 today is it a buy, or have fundamentals changed with the world financial mess?[/quote]

I no longer trust the "story" of why this stock will be so successful. Too many clean-tech stocks have fallen too far. Just my gut reaction.

From the T/A point of view, it looks like it has tested support around 14.90 a few times this year. If you still like the fundamentals, I'd wait and see if that support level holds for a couple of days, at least.

--Aalan

FWIW I still like it, still own it, and would like to buy some more.  My problem is the credit crunch and it's attendant problems.  I simply do not know how low anything will go. 

uh

As far as "Cramer" is concerned, I notice that he wasn't telling anyone to get

out of this market a year ago when the DOW was at 14000 was he ?He is wrong as often as he is right.

As far as FTEK, the fundamentals haven't changed. China is so polluted that the Olympic athletes had to wear masks last summer + new emmission standards go into effect next year so that there will be an increased demand for its product. This stock will not be effected by the credit crunch since they have no exposure so financials or the consumer. There is also no credit crunch in China and China is where the hidden growth is. I picked up more last week $ 15.25. A little early but I think I will be fine 3 months from now.

Not for long.  A few shares cost me $12.50 a few minutes ago.  The S&P seems to have at least a short term bottom.  I have my doubts that the S&P will run away right now, but FTEK may have a nice gain from here. 

uh