Is Blue Calypso, Inc. (OTCBB:BCYP) Gathering Upward Momentum
The stock of Blue Calypso, Inc. (OTCBB:BCYP) was sliding down the charts since the beginning of the month and there were no prospects for the price to regain the value of its latest peak of $0.36 in late April. However, the ticker has been gathering momentum in an upward direction since the final days of last week and seems to be continuing the trend this week.
Even though there weren’t any big percentile movements BCYP showed off high volumes in Thursday’s session, which helped generate a trade value of $623 thousand for the day with 4.6 million traded shares, while the price moved a mere 7.14%.
Friday’s session was more boring than the previous, with an even lower gain of 3.33% and a volume below the ticker’s average of 1.5 million shares. The total amount of traded stock came at 1 million shares, which generated a shy $167 thousand in dollar volume.
We come to this Monday’s trade session, where we saw a little bit bigger percentile movement of 9.03%. Trades were distributed between the beginning of the session and the end at which most of the trading took place, as the price moved up in the final hour.
As the moved from $0.153 to $0.169 we saw 1.3 million shares switching hands, which in term helped generate a healthy trade value of $220 thousand and it seems like BCYP are gathering momentum in an upward direction, price-wise, and have no thoughts of turning around.
We will see how things go today, but there are no big movements for now and the stock is currently priced at $0.17, which is a gain below 1%. The volume is decent and we saw some intensive trading in the first minutes that helped generate a volume of 250 thousand shares, but things might quiet down in fear of deflation.
The most recent news from the company are about a 13D filing informing the public of an acquisition of 8.8 million shares by Mr. Ronald L. Chez “for investment purposes” and the source amount is listed as “personal funds, including amounts held by an individual retirement account for the benefit of the Reporting Person”. It is also listed that the latter is currently working with the company’s senior management to introduce potential customers to the company’s social media technology.
Nothing much, but considering the numbers from their latest financial report, which we discussed in our previous article we are a bit skeptic, even with the fact that the company has recently started increasing its revenue and has made several settlements on the patent infringement lawsuits they filed against companies like Living Social, Yelp, Groupon, Foursquare and Mylikes.
Until we see any further developments about the trials that are still in court, BCYP remains a risky investment choice and we urge you to do a lot of due diligence if you have any thoughts of investing in them.
Another company that has been gathering momentum recently is 3D Eye Solutions, Inc. (OTCMKTS:TDEY), who rely solely on a paid promotional campaign and might crumble at any moment. On the other hand the latest paid promotion for Media Analytics Corp. (OTCBB:MEDA) had a disastrous outcome as it brought the price 54% down yesterday and the ticker is continuing to lose value today, being 25% down at this moment.
