Blue Dolphin Energy Company (BDCO)

[56Chevy]

Barring something [bad] we're not privy to yet it's impossible to know for certain why the massive drop.

Setting the possibility someone knows something we don't aside for a moment I can offer you a few thoughts to chew on. I've held this stock for 5 years and in that time I have seen wild shifts in the pps...some [shifts] were explainable. For example; losing the lawsuit with GEL for $30 million doesn't take a Harvard math genius to break it all down. And on the other side of that coin I've seen some massive jumps in pps that were completely baffling.

I've seen 400k shares trade for a nickle each ...and Ive seen BDCO hit highs approaching $10 @ share.

Such is life when you're dealing with an illiquid stock and with very few hands holding the remaining float.
The illiquid situation forces somebody wanting out to accept a ridiculousLy low pps. Some of those sales are what is known as a "negotiated transactions". For example- Im certain the guy that sold almost 400k shares in one transaction about a year ago for a paltry $21k had a pre-arranged buyer waiting in the wings.

So to sum this up...its anybodies guess as to why we're seeing what we're seeing. But I know it's not fun.

Earlier today BDCO was down a whopping 53%. Welcome to the BDCO bus. "

Marker:
Blue Dolphin Energy (BDCO)
$1.05 down -0.05 (-4.55%)
Volume: 1,62