Bourque Industries Inc (BORK)

[AB147]

Institutional and Fund investors

Mike, I don't think funds and institutions will even look at BORK as it stands. The shares outstanding are too low and for that reason, too volatile for them to take a risk on. Also I think most of them look at companies that are priced over $5 and preferably making a profit. I think we are getting ahead of ourselves to even consider that big institutions would give BORK a second glance. Perhaps when we get back the 5:1 split and still hold above $5 it would be something to think about.

More immediate attention when looking at what would bring up the stock price would be NIJ, Caveat, ability to fill orders, etc.

I have to agree with RockQQ's analysis. Over a month ago I drew support at the $3 range because it represented the 50% fibonacci retracement. The 61.8% retracement has no price support due to the short time period between "takeoff" back in April and now but it is currently holding above that $2.25 point since the one day close below it on the 18th. My next support is at $1.50, which I do not expect it to fall to unless there is negative news published or an extended period of no news. Should that happen, however, I will (to quote Cramer) "back up the truck and sell the farm". As I see it, BORK is going to be one of those multi-year "overnight successes" and anyone looking at or investing in this company to turn a quick profit will run out of patience before they make their killing.

Footnote: 8/15 was an interestnig day; lowest volume since 8/1 at 46.4k; closed below 61.8% fib. and below the 80 day moving average. If you're an investor that is not relevant. If you're a trader you would have sold on the 16th but at 104k volume not too many saw the clues or this stock is held mostly by investors.

When the time comes I would like my minty green kool-aid served in crystal stemware, please.