Stopped out of Natural Gas Services

By Travis Johnson, Stock Gumshoe, September 8, 2008

I stopped myself out of my remaining holdings in Natural Gas Services (NGS) today. This is a stock that performed pretty well on the demand for equipment from the various burgeoning natural gas shale plays, but it remains premium priced and I’m not as confident as I would like to be in their competitive positioning. So I let my shares go when they dropped below $20, I no longer own any shares but will be keeping an eye on the company for the future (stopped out at $19.72, a loss of about 30%).

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