Bulova Technologies Group Inc (fka BTGI)

[loridans]

BLVT looks interesting enough to get some. Got this e-mail the other day. Love the bottom plays like this one and doing quite nicely.


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Stock Target
TRADING ALERT--Bounce Off Lows On High Volume
Bulova Technologies Group, Inc. (OTC:BLVT, $0.59)



* BLVT reported revenue of $14.9 million and pre-tax earnings of $0.89 million for the quarter ending March 31, 2009, and a backlog of approximately $34 million. Fiscal year-end June 30 (audited) financials are not yet available; however company has issued guidance to approximately $25 million in revenue for the two quarters ending June 30, 2009.

* In April, BLVT announced the award of a $30 million contract from the US Department of Defense for non-standard munitions for the Iraq Theatre of Operations. T

* According to a recent shareholder update, BLVT is actively bidding on contracts with a value exceeding $900 Million. A Close rate of just 10% is $90 Million.

* Watch for an increase in trading volume. Recent selloff may be due to recent stock compensation in lieu of cash. Once sold BLVT could have no stock overhang impeding stock price increase.

* Near-Term Technical Breakout at $0.75



BLVT Chart



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