BLQN - Just watch this stock for 2 weeks

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Apr 22, 2010
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Maybe a month. I've been in this stock for 2 years and following it closely - i follow a lot of stocks closely but this has been a strange deal.

If they bring on a big institutional investor watch out. If they close a big order from a big name that should really help them. They are doing some work in China and other parts of the world. The $5.5M order from the Port of LA was a good 2nd order.

If you ahve any questions ask or read filings. I would say DO NOT buy at the ask but I think you'd be stoked if you sat at 60 cents or so and somebody dropped some shares to you. I've seen 1000 shares drop here and there but 70 cents you'll probably be able to pick up 5K shares. I'm not sure.

With that said, if BLQN gets a significant funding or a big order I think under $1.00 is a good play with very high potential.
 

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One more week to watch and if nothing happens forget about it. Because the company doesn't do IR if they get another big Port of LA or Oakland order there should be some very good value in the stock under a buck a share. Remember, most of the investors in this company put their money in at $1.00 per share including me. THis is why the float is so tight and not too many sell under 80 cents.
 

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