re: bgfo 3c, how ridiculous...but why? Sarcophagus, that is well...

re: bgfo 3c, how ridiculous...but why? Sarcophagus, that is well said.

ive been keeping my eye on bgfo for a while. i must admit that i bought some at 0.7c and sold the same day at 0.8c and i thought i was a genius (back in september i think when bgf was 7-8c).

from that time til about last week, the implied volatility of the options (as measured by mr black and scholes) has been around 66%. this would imply the price of bgfo to be 2.73c when bgf is at 13c, and 3c when bgf is at 13.5c.

i think people are now chasing bgfo just to get a quick buck. good luck to them, ill just be watching.