Foothills Exploration Inc (FTXP)

[saxonia40271]

Friday’s price action was identical to the weeks before. Only 1 million shares earlier, it was still at 3, and it could instantly be again. Only the balance between the Bid and Ask size has changed unfavorably, but that‘s not evidence that the selling‘s going to continue. Based on the last bid size, it would still take several hundred million shares more of bid slapping to exhaust the bid, even if it doesn’t instantly refill. Even if the stock symbolically fell to 1, for one or two trades, and immediately jumped back again, it wouldn’t make any difference, except to show that you can’t make a meaningful entry at that level. 100 shares at 0.0001 are enough to make the price history, but that amount couldn’t seriously be considered turnover.

No stock needs news to rise, just buyers. It‘s always about anticipation, even if it‘s unfounded. Facts are more likely to end a bull market, if people previously got ahead and of themselves. That’s why they say „sell on the news“. Naturally, it wouldn’t hurt if the company inspired some confidence. As always, there are no guarantees, but shaking the tree can be useful for a fresh start. There are now hundreds of millions of shares more, for which their new owners will want to see more than a 2. That doesn’t have to move the needle, but it can. There’s always potential in crushing the status quo, to set things in motion. GLTA.