Fuelstream, Inc. (OTCMKT:FLST) Continues With Strong Daily Gains
The promotion for Fuelstream, Inc. (OTCMKT:FLSM) is almost invisible, but very, very efficient, with already four days in a row of amazing buying volumes. This time, the pickup in price is relatively smaller, FLST reached 39 cents after adding 62$ on dollar volumes a bit above $1 million. 
For FLST, there was a landing page by Pennystockpicks.com, a generally more respectable newsletter. But speaking of respectable, the financials of FLST are quite shaky for a company that claims to have several fuel transportation agreements. So far, those agreements led to: 
- Zero cash
- $180,000 assets (receivables)
- $5.5 million total current liabilities
- Zero sales
- $579,261 net loss for the latest reported quarter
Still, the ticker is immensely responsive to any news, and so far there has been no signs of selling, the company being attractive with just 15 million shares outstanding. Still, the sentiment is shaky, as FLST only a few months back traded near $3. So far, the company has not seen new support from press releases. The August 5th message may have contributed to the first day of amazing results.
But with so few shares issued, and such a robust interest, FLST may be in for bigger developments, if the current trend does not end up disappointing. New promotional recommendations or press releases may help in the process.
Perhaps one could find a healthier trend with OncoSec Medical, Inc. (OTCMKTS:ONCS), which now stands at 34 cents after a few successful days. But ONCS is not recovering from such dismal lows as FLST, and can rely on the usual promises of pharmaceutica
l companies- upcoming therapy breakthroughs and perhaps marketable patents.
The fate of Petron Energy, Inc. (OTCBB:PEII) is more probable for FLST. The ticker also shot up on a combination of press releases and promotional emails, but went on to lose most of its value in a series of deep daily cuts, only recently recovering some lost ground.
The new trading session will show if FLST is still capable of delivering those amazing daily gains, or if the climb was enough. The insider transaction record shows officer Wagner Sean sold at $2.05 and $2.80 in May, thus decreasing a little his holdings of more than 9 million shares acquired at par value. So far, the prices are far from those levels, but a strong rising trend may be an incentive to sell off further holdings. In any case, it is best to estimate your personal capacity to take risk, and avoid FLST unless you are ready to see it take away your investment in part or in whole.
