Saturday, May 12, 2007

Who would have thought

My goal was to find IBD stocks before they made the IBD 100 list. Well I did it with Flotek Industries. This week FTK debuted at #12 on the IBD 100. Pretty amazing.

I bought it at around 15. Unfortunately, I sold out at around 28, so I've also learned a valuable lesson about selling too early. I knew it would go higher but sold nevertheless. I should have just sold and got my principle back and let the rest ride. Lesson learned.

I think we'll get another chance with FTK however. They only have a couple more quarters to report triple digit growth. I expect to see a substantial pullback when the year over year growth gets back to the 20% range.

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