Kraig Biocraft Laboratories Inc (KBLB)

[kblbpatience]

The thing with an issue like KBLB is that when 1m shares are traded, that's only $100k or so. When the market has been as bad as it has been the past couple weeks, if one trader has 200k shares, and needs $20k for some other reason, that trader sells and it has quite an impact on KBLB's price. The plunge the past couple days in KBLB may well be only a hand full of traders needing money and their best play to get it is to dissolve a penny stock holding. I'm not buying any at this time for reasons I've discussed over the past 2 or 3 months, but this drop, in my opinion, has nothing to do with KBLB itself (I haven't sold any either, though I wish I had. A couple weeks ago when it was mid 14, if it would have hit 15, I would have ditched some. At these prices, no way. It should firm up around here and rebound some in the next few days.) It is because of the market as a whole, but not because traders are looking at KBLB as being any worse a holding than it was 2 or 3 weeks ago. There could just be a hand full of KBLB holders that were forced to liquidate some holdings in their portfolio, and the quiet penny stock is the most obvious one to liquidate.

All speculation on my part, but there has been nothing concerning KBLB itself over the past couple weeks that would seem to trigger a sell off of sorts. I would think it would be the first target in many portfolios that need cash for something entirely different. When the market steadies, and firm ground is reached, I would think there would be a solid upward movement in KBLB's stock price.