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Re: mikeg2 post# 21436

Wednesday, 09/25/2013 6:00:58 PM

Wednesday, September 25, 2013 6:00:58 PM

Post# of 28713
I don't see how it could really be anything other than folks taking advantage of today's low pps. Anyone familiar with the company at all, as well as recent events, knows about Kryron's massive potential, so grabbing up shares at around a penny makes for huge potential profits if the company turns things around and takes full advantage of the fact that it has a material/process that could be worth a hell of a lot if leveraged properly. It's always a bet when considering whether a company can actually turn itself around or not, but in this case we're talking about a product that is being PROVEN in the laboratory (and has already been proven, real-world, as far as the armor component is concerned as well). So it's not a case of a company with an average product, it's a case of a company with what could be a HUGE product, so there's very good reason to get B.I. out of the hole it's been in. I'd say people are betting that Kryron will in fact pay off...assuming the company stays the course as far as the IronRidge plan goes. Seems likely to me there were probably more than a few limit orders from people who wanted to gobble up shares should pps ever hit a penny, which it did today.

On the other hand, it could also likely be day-traders taking advantage of the recent market slump to grab up shares of companies like B.I. whose pps have been consistently within a certain range over the last however many months, knowing that should it hit 2 cents (or higher) again anytime soon, they can double (or better) their money pretty quickly and easily. They may not know much about B.I. and Kryron at all--they're just playing the numbers. I can certainly see that happening here as well.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y