Crossing over the threshold of the last close and today’s open on the penny stock of Bluegate Corp. (BGAT) was harder than crossing over the Grand Canyon in a bag full of styrofoam cups. Dropped by Mister seconds after the opening bell, BGAT stock was up over 500% before the first trade could even be recorded. The designers of The Bluegate Medical Grade Network®, a vital tool for the CEO, CFO and CIO of major Hospitals, traders stuck holding the bag on this “dead-to-rights” ticker might need a visit to one when the session is all said and done.
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BGAT Stock Quote
Market Cap: 1.61M
Last: 0.054 ▲ +0.0455 (535.29%)
Dollar Volume: $59,236
Issued and Outstanding: 46,033,565
14-Day Rel Strength: 47.84%
1st Resistance Point: 0.078
1st Support Level: 0.039
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The truly amazing feature about Bluegate Corp.’s BGAT stock is that 27,970,250 shares, 59.2% of the issued and outstanding, are held by executive officers and directors. Except for that, a typical trader wouldn’t have noticed BGAT even if it had splattered on their windshield as they cruised down the old Route 66 in a beat up Ford Pinto.
For the most part, Bluegate Corp. has had trouble sticking to their corporate strategy: “stabilize our internet connectivity business and pursue expansion of our market outside of the Healthcare industry.” Revenues for the year ended December 31, 2012 was just $143,334, almost half of what it was for the year prior: $222,758. 2013 hasn’t been much better with revenues for the 3 and 9 months ended September 30, 2013 coming in at just $24,473 and $80,634.
Nevertheless, like Mister says: “BGAT – All About Momentum Sub-Penny Play for TODAY!!” If you got shafted on APS’ PCWT and thought it would bounce, chasing the tail end of today’s “hey, look at me” uncompensated play to swing it around the OTC locker room in front of everyone, especially good pal Psycho who got PUGE‘d on yesterday, BGAT is just that: a schmeg stain on your portfolio.
About BGAT Stock
Bluegate Corporation is a development stage networking service (carrier/circuit) business, which provides internet connectivity to corporate clients on a subscription basis; essentially operating as a value added provider.
Last 5 Trading Sessions:
Hey Mister, you wanna buy my sister? She’s a virgin. Hey Mister, you wanna buy my mother? She’s a virgin too. BGAT is bird poop and avoidable at all costs.
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