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CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT



TSX:FUT - Post by User

Comment by BayWallon Aug 07, 2011 8:56pm
162 Views
Post# 18914277

RE: Global Sell-off

RE: Global Sell-offHow do we play this stock in light of the global response to the US downgrade in credit rating by S&P?  (Note: Moody's top credit rating for the US remains in place, with no downgrade).

Trading in the Middle East today saw stock prices drop bigtime. Tomorrow could well be a big down day here. How long this will contiue is unclear. Maybe wait until more time passes before buying back in.

Looking for a silver lining. The markets are like roller coasters. Futura is no different looking at the past 3 years. There is opportunity to make money on the dips, but have to be on the ball. Futura stock has a 2-6 cent range in which to make money for short-term traders. Because of the once over turnover already,  I feel downside risk is limited. The 3 cent level may be key. If price goes any lower maybe a buyer for the company itself may surface.

Cross-country auto dealer network signing up with Futura, Aeroplan re-seller. At 3 cents, market cap is only about $6 million. What they have should be worth much more. Too early to determine a fair stock value for Futura, as it's growing quickly.

Also, big money amounts are not involved in trading, therefore it's hard to gauge the true momentum of the stock. A million shares traded at 3 cents is only $30,000. Peanuts for some investors.

However, for long-term investors, patience is required until Futura builds up its partner base and revenues. There are shareholders (non-insider) with 4-5 million share holdings. These will not sell.
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