I lamented not getting into the game with Bell Buckle Holdings, a company I had been watching for some time but was reluctant to get involved with. The stock bounded from .0017 to .0048 in a short period of time, and my remark was "let's see where it stands a month from now."
A month has passed, so I figured it was worth mentioning that the stock peaked at .0051, fell to the low .0030's, and has slowly sunk back to around where it was at the beginning. I had been hoping to ride the excitement in anticipation to its OTC move (which never happened), and just didn't have the guts to jump ... so I missed out on that one.
That's the way it goes, sometimes.
Showing posts with label BLLB. Show all posts
Showing posts with label BLLB. Show all posts
Thursday, March 27, 2008
Thursday, February 21, 2008
Bell Buckle Holdings (BLLB)
Here's one I probably missed the boat on: I've been watching Bell Buckle Holdings (BLLB) for a couple of months now. The company recently hired a few marketing firms to get their products into wider distribution, and have done a few press releases to announce their progress, which includes regional supermarket chains, a national discount chain, television shopping, and e-commerce. It was looking good, but I didn't think that it was looking good enough to buy into just yet, so I bought a different stock instead.
The price has nearly doubled since then, as the word has gotten out that they're gearing up for a move to the OTC board. I expect it will rise a bit more, then probably fall back down to its previous level (or lower) when the company takes a downturn, which is most often the case when a small firm with little capital invests too much in trying to boost its stock.
On the other hand, this could be one of the few that makes the grade. While I probably won't buy in (that window has passed), I'll keep an eye on it to see what happens. The stock closed today at .0017 - and I wonder where it will be next month?
The price has nearly doubled since then, as the word has gotten out that they're gearing up for a move to the OTC board. I expect it will rise a bit more, then probably fall back down to its previous level (or lower) when the company takes a downturn, which is most often the case when a small firm with little capital invests too much in trying to boost its stock.
On the other hand, this could be one of the few that makes the grade. While I probably won't buy in (that window has passed), I'll keep an eye on it to see what happens. The stock closed today at .0017 - and I wonder where it will be next month?
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