Fuel Tech

My stock pick from January , Fuel Tech NV (FTEK), is up a whopping 94% since then.

I hate it when that happens.

It's great to make money, but frankly, I don't really have a sense for the company over that little time. They sounded pretty cool, and weren't overpriced, so I took a flyer on them. Now they sound cool, but they are overpriced. Should I stick with my flyer?

I have a tendency to sell off stocks when they seem overpriced. I gradually sold off over 90% of my original (2500 shares pre-split) position of my Polish liquor company (CEDC) as it went up -- over 10x. If I had just held it, it would be more than half of my portfolio now -- and my stocks would be worth double what they are.

On the other hand, I did manage to unload 3Com (COMS), JDS Uniphase, Multiple Zones, and others before they tanked. And a couple I sold high, then bought back low again a few months later when they suffered an inexplicable drop.

My reasons for buying FTEK were hazy, so sticking with them after they become overpriced is probably just gambling. And I don't do that. Much. I'm either going to have to do research on Fuel Tech or sell it. Or both.

OK, I'm back. I smidgen of research suggests that FTEK is up because Cramer of Mad Money mentioned it on his TV show. If that isn't a dumb reason for a stock to go up, I don't know what is. I'm dumping it! With luck, I'll be able to buy it back again in a few months after it corrects.

Filed Tue - March 28, 2006, 08:22 AM in

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