The Lights Could Continue Shining on $BSTK
October 22nd, 2009 at 6:16 am Posted by
Yesterday, $BSTK had an interesting day, moving up 83% to $0.22 before closing 17% in the green at $0.14. More than 300,000 shares traded—more than twice $BSTK‘s average 3 month volume.
With this type of movement, The Dean believes that this $BSTK rally could have just begun.
Less than two weeks ago, taser manufacturer TASER International (NASDAQ: TASR) reported that shooting targets in the chest presents a risk of “adverse cardiac event[s]” and ever since there has been more negative tasers news than usual.
The Dean believes that many police departments and law enforcement agencies must now implement a change in policy and many are questioning the use of tasers alltogether. Over the past month or so, The Dean has been teaching the CollegeStock Community about the numerous deaths and lawsuits surrounding these supposed “less than lethal” devices and The Dean believes that a warning from $TASR will not make the deaths and negative press just go away.
The Associated Press reports that the new manual provided by $TASR includes a lengthy description about deaths caused by sudden cardiac arrest:
“Should sudden cardiac arrest occur in a scenario involving a Taser discharge to the chest area, it would place the law enforcement agency, the officer, and Taser International in the difficult situation of trying to ascertain what role, if any, (the device) could have played.”
The Dean believes this is a way for $TASR to cover their assets from lawsuits but The Dean knows that if $BSTK‘s products were used by all of these police departments and law enforcement agencies there would be a lightweight, effective less than lethal alternative for officers to grab on their utility belts instead of a taser.
The Dean feels $BSTK has good potential and the possibility of government contracts, training sessions at universities and colleges and the development of even more less than lethal products makes $BSTK an attractive pick.
In fact, The Dean believes that $BSTK could show its true color as an Ivy League Stock Pick.
The Dean’s giving away ANY $BSTK PRODUCT to students who kick it up a notch and sign up for a FULL YEAR of TUITION at The Dean’s Honors Class. The deadline for The Dean’s $BSTK PRODUCT GIVEAWAY is December 31, 2009.
nice job Dean – your well timed 10/19 notice of BSTK getting favorable feedback in trade publication meant new buyers would come into the stock – coupled with BSTK being oversold in the low Teens = healthy appreciation of this stock today. hopefully this kind of activity will help BSTK form a higher base price for which to lift off from on more good news in the future.