BEHL was going to be the next SPNG….to hear traders talk. it was going to be so huge that it would dwarf SPNG…etc…etc… My chat room, Stock Hideout, even opened a chat room specifically devoted to BEHL back in August. It was at around that time when BEHL stalled. Nothing seems to be able to kick start it.
BEHL is a company that is best known for the manufacture of a closed loop algae bioreactor systems for the commercialization and production of algae. Here is their website for your own DD: BEHL Website
It just might be time to look at BEHL again. The chart is looking promising and the stock has taken a long breather. Might be time for a little action!?
Stochastics indicate that the stock is approaching oversold status and volume is slackening. Add some volume (maybe on good news or the stock just gets hot again) and I think this stock could zoom. I have no proof of that beyond a hunch. It is trading at the lower of the Bollinger Bands and the last time that happened it got a bump of about 40%. One thing that worries me is the it is sitting above the next support level (3 cents). Will it drop to the next support level? I don’t think so.
BEHL is, IMO, a huge risk, but one that might be worth taking. They have a manageable cash burn rate, a few dollars in the bank and are in a “Green” industry that is hot. They are master of PR and could come out with something truly meaningful that would send the stock flying. Their “interim financial reports” on pinksheets.com are chock full of information (not all of it relevant). it is like they are trying to convince you of how great they are by a sheer volume of words.
This is one of those penny plays that will fly or die (I’m really going out on a limb on that statement). I am seriously considering investing in BEHL for my own account. I have a feeling that BEHL is just resting here before the next step up. We shall see.
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