Wednesday, October 17, 2007

Fuel Tech romps as advertised!

Monday I had this to say:

FTEK 26.64 is another stock the bears have piled in on the short side. Barron's had a nice weekend story on the stock, and it's on the Regulation SHO list. Look for the bulls to try and gun this number. All the have to do is whisper that FTEK is going to sell more NOx reduction projects in China.

Today FTEK closed at 33.52 up 4.72 today. The news? A 7.2 million NOx contract with a Midwest utility and this blib in the press release..."Sales of our proprietary NOxOUT ULTRA technology continue to gain momentum in 2007 with announcements thus far in the United States, Italy and the People's Republic of China."

As advertised!!

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