{"id":3041,"date":"2013-10-29T14:11:40","date_gmt":"2013-10-29T14:11:40","guid":{"rendered":"\/?p=3041"},"modified":"2013-10-29T14:11:43","modified_gmt":"2013-10-29T14:11:43","slug":"first-titan-corp-otcbbfttn-recovers-on-qualitystocks-effect","status":"publish","type":"post","link":"\/articles\/first-titan-corp-otcbbfttn-recovers-on-qualitystocks-effect\/","title":{"rendered":"First Titan Corp. (OTCBB:FTTN) Recovers on QualityStocks Effect"},"content":{"rendered":"

Saved by a promotion- this we can say of the First Titan Corp. (OTCBB:FTTN<\/a>), which had started to flag, only to be lifted by a fresh promotional email on Sunday. FTTN<\/a> added more than 20% on Monday, reaching $1.45 as it invited buying volumes above $453,000. \"FTTN1029.png\" <\/p>\n

There was no new mention since QualityStocks sent away the email late on Sunday. And for now, FTTN<\/a> is cruising on without a fresh press release, gaining on the general momentum. But FTTN<\/a> is enjoyed exactly for this- with investors at the ready to sell at the first signs that FTTN<\/a> is starting to look shaky. \"BBLU1029.png\"<\/p>\n

What is more worrying is that the Alabama oil and gas well is not truly as abundant as the press release suggested. Gas sales in June went down to zero, and the official well data don’t yet show if the well started providing more oil and gas. And even if we trust the company’s October data, the revenues from an almost spent well would be around $500 a month, explaining why FTTN<\/a> has been making less money than a regular gas station.<\/p>\n

Now, we are again at a position to wait and warn about FTTN<\/a>, which despite all the red flags continues to attract buyers.<\/p>\n

Other companies with a similar story of inflating promises and assets have shown up in promotions. Blue Earth, Inc. (OTCMKTS:BBLU<\/a>) is one of them, but surprisingly, it manages to hold onto a high enough price. BBLU<\/a> hovers around $3.12, and has been in that range for months already.<\/p>\n

OriginOil, Inc. (OTCMKTS:OOIL<\/a>) is another heavily promoted stock that peaked around 70 cents, went on a long slide and now, after an almost futile rebounce, stands around 30 cents.<\/p>\n

For FTTN<\/a>, further news or press releases could still work their magic, and given that the campaign cost $100,000 at least, we may see a few new messages. But this company and its almost depleted wells are a ticking time-bomb, promising little beyond a short-\"OOIL1029.png\"term run.<\/p>\n

Only recently, FTTN<\/a> was bought even at $2, with a highly optimistic view that it would vault $2.50 without stopping. But not only did it stop, it retreated sharply last week. Now, at lower positions, buyers may be a bit more aware of the dangers of a fallout.<\/p>\n

If you still believe you can find a bargain price for FTTN<\/a>, be aware that no position is guaranteed, especially for a stock showing so many red flags.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saved by a promotion- this we can say of the First Titan Corp. (OTCBB:FTTN), which had started to flag, only to be lifted by a fresh promotional email on Sunday. FTTN added more than...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[157,293,133],"class_list":["post-3041","post","type-post","status-publish","format-standard","hentry","category-news","tag-bblu","tag-fttn","tag-ooil"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3041"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3041\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}