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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: harmony monkey who wrote (94078)	11/29/2007 6:16:13 PM
From: Ed Ajootian	Respond to of 206113

harmony, Flotek Industries (FTK) -- I hardly follow it any more, ever since I blew out all but a token amount of shares, after they announced 3Q. Once a stock gets as big as Flotek, there has to be a pretty good reason to keep me in it. In Flotek's case, they have been able to garner quite a robust P/E ratio, which is well deserved, but which brings along with it the potential for big hits to the stock price when the company happens to miss their numbers by a few pennies (as what happened last quarter). Also, I'm a bit leery about oil service stocks in general right now. I believe that the sustained weak natty prices will result in significant gross margin pressure throughout OSX-land, plus reduced activity. Right now the only OSX stock that I own more than a token amount in is T3 Energy Services (TTES). That one is growing their businesses tremendously, like Flotek, but although the stock has gone up substantially the TTES P/E ratio has not gone idiotic like FTK's has.