Monday, October 22, 2007

 

Fly Buy: FTK

I bought 1,000 FTK @ $41.50.

Disclaimer: If you buy FTK because of this post, your new flat screen tv will fall off the wall. And, you may lose money.

Comments:
About a month ago, when PKTR was under $7, I mentioned on this retarded blog it was worth a look because Paul Singer and Robert Chapman had taken nearly 10% stakes each and were agitating for change. (Chapman recently disclosed he's sold down to 4.9%.)

It's up 35% since then and is breaking out on good volume after reporting good numbers Thursday. It's worth noting it traded well on strong volume on Friday's pissy tape

Just passing it along.
 
That was a good movie. Disney, right?
 
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DISCLAIMER: This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.