trading
It is interesting to look at yesterday and today’s trading. It seems as though one big seller and several different buyers. I would say it is encouraging to see that buyers emerged and continue to emerge while there have been very few sellers. I really cannot understand selling this close to the Q4 results.
I expect Q4 will be the best quarter that FUT has had, Q1 is always a little weaker for FUT, which will come out around the end of June, but then I would expect to see some revenue from the US to be part of the Q2 results.
My guess is that in order to see real profits, the longs (myself included) will have to hold FUT for another year, 2012 Q4 results will most likely be the game changer for FUT. At that point my guess is that we have just shy of 300 dealers in Canada and 200 retailers in the US, with the speed of growth rapidly increasing. These are my predictions and not anything that I have heard from the company. In saying all this what I’m trying to get across is it is going to take time. It seems there are a lot of people in FUT looking to make a few bucks in the short term and get out. Example - Flubbe… if you are looking to flip a stock, FUT may not be the stock for you. If you are here for an investment, Bigops/Baywall/myself/ect.. then FUT is the place to be we just need to be patient.
My plan is to continue to add a few shares here and there when some of my other investments pay dividends over the next year. I think it was Oscar who said it is time to avg down, I believe he is correct in this and in the future it will pay great many fold.
Again good luck to all the longs!