Bluforest Inc. (OTCMKTS:BLUF) Gains on MarketBulls, SIRI.BIZ Emails

Just as Blue Forest Resources, Inc. (OTCMKTS:BLUF) was becoming interesting, investors decided that $2 is a good level to cash in, sending the stock reeling downward on two consecutive days. On Thursday, BLUF recovered a little, adding more than 15% to stand at $1.64, on buying volumes above $860,000.

The move backwards came despite the 83 emails in total, and the $395,000 email campaign. Sometimes, paid pumps will invite enough investors, so that those who want to sell can in the end realize their deals. The latest emails are from August 8th, and time will tell if the campaign can cause a longer period of upward movement, or if the enthusiasm is already lost.

BLUF aims to be an intermediary for businesses trying to buy carbon offset credits. Not that BLUF would actually improve the greenhouse gas- it would only license an existing forest and match it to the greenhouse gas output of a business. For this, the company is equipped with the following resources:

• $43 cash

• $17 210 total current assets

• $3.2 million total current liabilities

• ZERO revenues since inception

• $24 million net loss

The latest pumper for BLUF is SIRI.BIZ, which touted the company since August 5th, when the climb became truly hard to miss. Others joined in with the distribution, but the effect is not in direct proportion to the promotional effort. But MarketBulls received one of the highest compensations, $200,000. So it would be interesting to look at past selections of this pumper, and see if there’s a pattern.

The previous ticker was candy-covered pure danger. A limited-information pink sheet, RJD Green, Inc. (OTCMKTS:RJDG) was barely traded before the pumpers moved in. Just like BLUF, it was prepared beforehand with a reverse split. Despite the promotion, in the past months RJDG slid rapidly from 22 cents to 3 cents.

But that’s not all. MarketBulls also took part in the loud promotion of Resource Ventures, Inc. (OTCMKTS:REVI), which repeated the chart pattern of BLUF. Bought up in April, reaching a peak of 14 cents, REVI slid down to double-zero levels. At a relatively high price for a penny stock, $1.54, BLUF indeed has a long way to fall.

Given the expensive campaign, BLUF may find support for a few more days, and high trading activity may carry over enough, so that BLUF remains among the hot tickers. But the possibility to lose a quarter of the value in a very short time needs to be considered, when you decide what amount you can afford to invest.