Posts Tagged ‘OTCBB: BSLM’
BSLM.ob Gains Big While Broader Market Tanks
Tuesday, September 30th, 2008
Bio Solutions Manufacturing Inc. (BSLM.ob) gained nearly 88% Monday on more than 479,000 shares traded despite the overall market getting absolutely annihilated.
Monday’s high print of $.02 marked BSLM’s best since 9/17. Moreover, the stock’s two day volume has now increased close to 447%.
We haven’t heard much from BSLM.ob as of late, but the stock appears to want to move higher. While the rest of my OTCBB portfolio tanks, I’ll be watching BSLM.ob on Tuesday morning in hope that it continues its upward trend and breaks through resistance at $.002.
While economic experts predict that the imminent economic pullback and ongoing credit crisis will negatively impact bio-fuel development efforts, BSLM’s concept of turning brown trap grease into B100 could emerge as a cheap and effective alternative to competing technologies if the company can in fact move forward with its business plan, which it has yet to do in my opinion.
Again, we have not hear much out of the company in quite some time, so I’m curious to see what’s driving the recent surge in the stock with regard to both volume and share price. Either way, Monday’s green close and the recent increase in daily volume have caught my attention.
