Blue Calypso, Inc. (OTCBB:BCYP) Retreats Post Conference Call
Yesterday the share price of Blue Calypso, Inc. (OTCBB:BCYP) charted its biggest red close for the past two months, dropping 13% down to a stop at $0.19 per share. The move happened in the wake of the company’s October 30 conference call that investors were looking forward to.
Traders would appear to have been quite displeased with the conference call that took place after market hours on Wednesday. Yesterday BCYP opened with a gap down and slumped to nearly $0.17 before recovering in the afternoon.
The stock seemed to be doing well after an optimistic PR streak and several decent green sessions. However, the immediate reaction of the share price after the conference call tells another story. Opinions about the drop are, as usual, polarized.
There are those who were outright disappointed with what they heard over the call and voiced their serious concerns about the ability of the company to generate sizable revenues in the foreseeable future and the feasibility of large-money settlement sums coming from the lawsuits BCYP has filed against some much larger companies. Others thought the slip was a market overreaction.
Others still call BCYP a speculative stock and think it will continue being pushed up and down the charts by catalyst events and a realistic evaluation is next to impossible at that point. With its very limited ability to generate revenues over the first half of 2013 and stacking net loss, the company’s big whoop in the face of big-money settlements remains uncertain.
BCYP opened today’s session green and steadied 2% up.
Other stocks that shifted considerable dollar volume over yesterday’s session include North American Oil & Gas, Inc. (OTCBB:NAMG) who dropped another 6% but are currently green in early trading. New Western Energy Corp. (OTCMKTS:NWTR) managed to close 22% up, assisted by a number of pump emails.