Since our initial report on the penny stock of Blue Water Global Group, Inc. (BLUU), not only have they taken on the new ticker symbol since changing over from BUWR, but they have news out finally. Claiming to have made significant progress over the past few months towards opening their inaugural Blue Water Bar & Grill in St. Maarten, Dutch West Indies, BLUU stock is a big target for long traders today. After having seen what a low float can do on a restaurant like GRILLiT Inc. (GRLT), gaining over 2,100% n just under 3 weeks, a chance of a repeat event is well worth sticking a toe in the water to see how warm it is.
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BLUU Stock Quote
Market Cap: 4.33M
Last: 0.19 ▲ +0.03 (18.75%)
Dollar Volume: $24,131
Issued and Outstanding: 22,775,000
Taurus Financial Partners, LLC: 16,600,000
1st Resistance Point: 0.20
1st Support Level: 0.175
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Pre-market, AimHighProfits sent out a tweet saying: “Liking $BLUU to make #Green today.” So far, it’s looking like the thin float of Blue Water Global Group is rowing its little boat up the same river GRLT went up when we alerted on it at 0.27.
The announcement today was really just a scouting report update. The start up Company is still looking at 4 locations within the Simpson Bay tourist area, aka “restaurant row”. Apparently the decision which CEO and President, J. Scott Sitra, will ultimately need to make is said to be made public in the next few weeks which means BLUU could see another push when that news comes out.
For today, BLUU stock might not hit too many radar screens, just like GRLT didn’t until it started trying to break past $1. If a tiny float like what GRLT had could go to $5.95 from $0.27, BLUU stock should be able to test $0.50 given they don’t dump a bunch of bait on traders today.
About BLUU Stock
Blue Water Global Group, Inc. , aka Blue Water Restaurant Group, Inc., is a development stage company planning to open its initial restaurant, Blue Water Bar & Grill™, in St. Maarten, Dutch West Indies.
Last 5 Trading Sessions:
Restaurant penny stocks have been hot this summer and, even though it’s the last week of it, BLUU stock could see some prime action as it heads into September. Keep an eye out for a dumpage today because without it, BLUU could sail past its 52 week high of 0.36 without anyone noticing.
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