BioNitrogen Holdings Corp. (BIONQ)

[TFletcher]

All of us are sometimes exercising "Confirmation Bias. "
http://www.investopedia.com/terms/c/confirmation-bias.asp

If you're long on BION... ANY good news brings hope.

If you're trying to prejudice investors against BION... good news must be discredited.

Today, I doubled-down on BION. Granted, the risk of the common shares being cancelled remains a possibility. However, the cost of doubling my position (at $0.005 per share) was relatively microscopic. (So what!... if I lose a little bit more.) The latest news suggests that the NEW management team is fighting for the company. They just might win!

My decision to double-down does not qualify as an investment decision. It is most certainly a VERY speculative trade... based solely upon the POSSIBILITY that BION will emerge intact from Chapter 11.

Presently, BION is at $0.008 per share. A limit-buy order for 100,000 shares at $0.005 will mean spending only $500... WHEN it pulls back.

Keep in mind that your success depends upon the decision of a bankruptcy judge. If the shares are cancelled... you lose your $500.

If BION comes out of Chapter 11 intact, you could soon see your 100,000 shares turn into $10,000... or $100,000 as they get going again.

No advice here... I'm just sharing my choice and the risk/reward ratio.

Good luck :)