RE: Thoughts?The optics looked good on FUT but in reality not much changed on the bid-ask spread. That's not a bad thing though because there is definitely strength. It broke Friday's downward momentum which is huge. Today was FSW's day though.
That's all well and good. I picked up some shares @ 49 today for a quick flip.
Remember the "Feb 8th" stocks (the crazy price volume action on the following on Feb 8, and SCG a couple of days later):
| Company |
Symbol |
Open |
High |
Low |
Close |
Volume |
Change |
% Change |
| Intertainment Media |
INT |
0.960 |
0.960 |
0.610 |
0.790 |
45,689,219 |
0.070 |
9.72% |
| Poynt Corporation |
PYN |
0.250 |
0.275 |
0.230 |
0.230 |
23,458,214 |
0.005 |
2.22% |
| Digifonica Int |
DIL |
0.070 |
0.310 |
0.070 |
0.270 |
4,896,139 |
0.230 |
575.00% |
| Ipico |
RFD |
0.040 |
0.160 |
0.040 |
0.140 |
11,290,600 |
0.100 |
250.00% |
| Urodynamix Tech |
URO |
0.035 |
0.120 |
0.035 |
0.070 |
10,469,593 |
0.040 |
133.33% |
| Fireswirl Technologies |
FSW |
0.305 |
0.380 |
0.210 |
0.235 |
8,506,169 |
0.035 |
17.50% |
| Futura Loyalty Group |
FUT |
0.020 |
0.050 |
0.020 |
0.045 |
22,905,404 |
0.030 |
200.00% |
Also seen on:
https://tsxwealth.blogspot.com/2011/05/next-big-canadian-tech-stock.html
All of these stocks are under the same umbrella when it comes to traders and momentum players. Now that three of those ones URO, DIL and RFD are in various stages of decay that leaves 5 - INT, PYN, SCG, FSW and FUT. You could argue that ISD belongs under this group too now as a latecomer.
No matter how much longs want to deny it, INT is falling out of favour. There's going to be a lot of money looking to get into a similar tech stock. PYN is turning into a dud until they can sort out if they have an opportunity against Groupon. However at sub-15 cents they will attract a lot of INT money. FSW and ISD are hot now but at some point they will hit a wall like SCG - they have all moved a lot.
The only one left that's cheap that hasn't been poisoned is FUT. They are quietly merrily going along their way, minding their own business while they are signing up clients almost daily. This is very much like what SCG was doing when it was stuck in the teens for a long time before suddenly breaking out.
Remember out of all these companies, FUT has the most mature business. Only FUT and SCG have 100% of their revenues coming from North America (I view this as a good thing). FUT and FSW are the only ones working with a big player - FUT with Aeroplan, FSW with Logictech - all the others are either competing or in a lawsuit with a bigger player. And FUT has by far the smallest market cap of them all.
all of these items point to bright days ahead for FUT.