Five and Under

[Scrooge McDuck]

bagheera, re: FUTO.....
I did a little more work on this last night and came up with a few answers.
For the last year, the company has been in Chapter 11,(that explains the downtrend).
But, they have also been doing some very creative financing and, in this first quarter, their work seems to be paying off.
But, creative financing doesn't come without a price.
They may have created some very strong resistence levels when those people who have loaned the company money start taking it back.
So far, the resistence levels appear to be at .20 and .10
Of course, before it gets to those prices, some nice profits can be taken.
As of this month, the Courts have refused the recovery plan submitted by the company and they are now going into round two.:)
Another event to watch for is major private funding the company has been trying to get.......
This funding could be a make or brake situation for the company and, so far, it hasn't been approved.
This funding may also be the difference between profits and losses for the current quarter.
The latest 10Q is a must read.