Formcap Corp. (OTCMKTS:FRMC) Still Gaining on Upward Momentum
Formcap Corp. (OTCMKTS:FRMC) is almost too good to be true- a classic, promotion-driven selection that for now defies gravity. On Thursday, FRMC added more than 15% to $1.28 on buying volumes of $924,000. FRMC has all the red flags of a penny stock company without real oil production- yet this does not stop investors from using the short-term upward potential. 
FRMC has not come up with a new PR, and the latest email is from November 25th, so the ticker has good inertia- yet it still faces the end of the week, which may turn the tides. Still, FRMC has started higher with a gap, compared to previous days, showing great momentum and optimism. 
Investors’ forum opinions vary between further loading up, hoping on an even bigger run from FRMC, and profit-taking, to lock in the doubling of the price from the last few days. But there is also awareness that more and more pumpers have been compensated to push this ticker as their daily selection.
If you still want to roll with FRMC, it is best to realize that this company really has very low chances of achieving any real production, lacking the funds to close the deals it proposes. FRMC has mentioned in the past that it intends to gain access to rented oil fields, but not for once have those plans materialized.
FRMC recalls the movement of First Titan, Corp. (OTCBB:FTTN), which also enjoyed a peak performance for a while. Now, the ticker sinks deeper below the 70-cent levels, only a few weeks back seen as viable to attack the $2.50 levels.
Nevada Gold Corp. (OTCBB:NVGC) for now remains suspended, despite the optimistic start and the seemingly high potential to achieve real mining results.
For FRMC, the resolution may come any time now, as investors hardly expected a climb to those high levels. The ticker doubled in price since the end of November, and grew four times since October, and so far daily drops have been rather small- though the selection has a long way to unravel, when the promotion goes stale.
