RE: THEY CAN'T AVOID 2.5 CENTS MUCH LONGER6 weeks have passed and there were plenty of chances to sell at 2.5 cents, Often that was the bid price. Rather odd. Even now, the bid is at 2.5 cents and this week there were no sellers at that price. Has the bottom been reached?
Despite stock markets around the world going down, I noticed bullish forecast signals made by various analysts (in the Globe and Mail today for example) for select stocks. How can charts be positive for individual stocks and not for the stockmarket as a whole?
It seems that even in stockmarket declines, some people/computers recognize the bullish chart signals for individual stocks. When the time comes for a turnaround, those stocks should lead the pack. Is Futura one of these stocks....time will tell.
I think trading at 2.5 cents will not happen, despite being on the doorstep. If by chance it happens, it will be on insignificant volume. Trading volume has almost dried up in the past 6 days. Even a rare no-trade day on Sept 7th. Back a few months ago 200-500K per day was the norm.
Big volume days are the ones that draw the most attention, but it`s the quiet periods the smart money looks at. That`s where stock accumulation occurs and not only on breakouts.