"Since highlighting this stock in $1.70, it has gained 50% (closing at 40% today), and I believe it's just starting to gain Wall Street atention. Its prospects are impressive. Nice micro oil&gas play with low O/S and float in the hottest area. Fundamentals are great for this small company. With other similar type plays making huge runs, such as PDO, MXC, FPP, I don't see why this company can't have another at least 100% run. It usually runs similar to FPP, so the race is on, in my opinion.
In the long term, I believe this is going to be a very successful company. We should hear about the new 16 wells soon, as well as the yearly results at the end of June. I expect more updates from the company between now and then."
Sometimes institutional support is a sign to stay away from a small cap as the way they get the institutional support is they GIVE NEWLY ISSUED SHARES of stock to the institution in return for the institution pumping the stock. All the shareholders usually get is dilution. This isn't always the case, you need to watch the shares outstanding on at least a once a month basis as small caps often pay expenses by issuing new shares. BSIC doen't use euther of these practices. JMHO