Bluforest, Inc. (OTCMKTS:BLUF) Ends Week on High Note, Market Bulls Run Again

Sometimes, a brief rest will underline a stock’s potential, as buying returned on extremely high volumes for Bluforest, Inc. (OTCMKTS:BLUF). The ticker added more than 15% on Friday, on volumes above $1.2 million dollars, boosted by a late email on August 9th, setting the stage for a potentially strong opening next week. Market Bulls are among the most active, of course, receiving $200,000 out of the whole $395,000 pump budget. It seems promoters have juice for a while more, and buying interest can easily strengthen. 

We can now safely say that BLUF is mostly moved by the promoters, since the company is still developing the real side of its carbon offset management business. BLUF still has not built a portfolio of carbon-offset grounds, such as forests, and has not sold any carbon credits. The company hardly has sufficient funds to achieve this, holding:

• $43 cash

• $17 210 total current assets

• $3.2 million total current liabilities

• ZERO revenues since inception

• $24 million net loss

The latest promotional emails don’t come with a respective increase in shorting deals, so far. Still, between May and the end of July more and more shortings were registered on the OTC markets. Still, we don’t know if this will topple this ticker, and if it will be a significant pressure. We expect that just as pumps are the most significant factor for BLUF, so the end of the pump will trigger a slide in stock price, or even a cliff drop. At $.170, recently removed from the $2 levels, BLUF indeed has a long way to fall.

Speaking of the fossil-burning world, another high flier is Infinity, Inc. (OTCMKTS:IFNY), a fuel resource company that trades around $2.70 on a long climb. IFNY is struggling to impress with press releases on presentations, agreements and concessions, and to keep the high stock levels. IFNY was recently bought up on extremely high volumes, and the next few days will show if the interest will keep.

Yet another robust stock, Sanborn Resources, Ltd. (OTCBB:SANB) finally succumbed to loss of enthusiasm, after charting a saw-like graph. The ticker sank from 70 to just 25 cents in three days, and so far will have to struggle for a recovery.

Whatever the scenario, it is best to estimate if you can afford to lose on BLUF before you even dream of gaining. The ticker will be around for a while, but it is best to base your decisions on your own research.