Blue Biofuels Inc (BIOF)

[IsaacIronridge]

My Level II Showed Differently

The .84 print happened well before 3:58. There were no trades for a while and then the ask eventually came down to 20k shares at .80 towards the end of the day. If my math is right, after insider ownership, there are only 6.5 million shares outstanding. So we now have two guys here on this board who claim to own about a million of those. Believe what you will.

Anyway, once BKRT got their selling program done, there were no real sellers until .84, so that is why one could drive a truck between the bid/ask. This would appear that selling is drying up, which is great for longs if this continues. With the low float, any major, *real* positive news would send this parabolic, IMO. Whether we see it or not remains TBD. I anticipate an open tomorrow in the .70s, with .84 being the next resistance, followed by 1.00

If this is indeed the start of a real uptrend, those who wish to buy in size will have limited opportunity.