Early this morning I received an alert to check out a relatively new penny stock, Blast Applications (BLAP). I should have investigated the alert a little further but I was rushed for work and pushed it aside to review later. Later, as it turned out, was after the market closed for the day…and it was a good day for BLAP.
After an explosive day on the market Blast Applications closed at $0.0529 gaining a whopping 245% from the previous day’s close. Whoops, I missed a great entry point on this penny stock! As it turns out this massive gain comes following last Fridays new announcement that Blast Applications was accepted into the coveted Apple iPhone Developer Program to develop applications for sale on the Apple iTunes App Store. Blast Applications CEO, Dino Luzzi, recently stated:
"With nearly 2.4 billion dollars worth of applications sold for smart phones, the market potential is enormous. Having the ability to sell our applications through Apple's iTunes App Store is a huge step towards that market."
I couldn't agree more. I don't have an Apple iPhone but I do have an Apple iTouch which is also an amazing device with thousands of useful applications. Right now I use a slick ETRADE application to monitor my stocks when I'm running through airports or on the road. And here's something else for you…Steve Jobs recently announced:
"The rate of App Store downloads continues to accelerate with users downloading a staggering two billion apps in just over a year, including more than half a billion apps this quarter alone."
Wow. The demand for quality applications is staggering so I think it's safe to say Blast Applications is well poised to profit from a piece of the market.
Tweexchange.com is the fastest and easiest way to search Twitter Usernames and Internet Domain Names at the same time. Tweexchange.com also unveiled a new integration with GoDaddy, the world’s largest domain name registrar. Through the Domain Name search, users can Backorder and Register Domains using GoDaddy. If a name is taken and is currently listed for sale on Sedo.com, members can also try to purchase names through the site using the Sedo API.
As a domain investor I think this a very progressive concept for overall brand recognition. Every business would naturally want to match their Twitter account name to their domain name but with over 50 million users on Twitter you may be out of luck. Tweexchange.com assists web developers and business owners towards acquiring the best domain name for their website. Nowadays a matching Twitter account with your domain name could significantly increase the resale value of your web real estate. Cross-referencing Twitter and GoDaddy with Tweexchange.com also enables their members, for a fee, to be notified when Twitter Usernames and Internet domain names become available from being in a suspended state.
With these facts in mind and looking at the great support levels for BLAP I decided to order 27,450 shares of BLAP. I'm really NOT a regular investor in penny stocks but I feel this particular stock, along with bankrupt CITGQ.PK, offer excellent profit potential.
I'll keep you posted. God bless!
About Blast Applications, Inc.
Blast Applications, Inc. (“Blast”) is a premier creator and developer of applications for iPhone®, Twitter® and Facebook®, that allows users to have more fun, be more productive and make social media sites easier to use and more intuitive than before. Social media sites are growing fast all around the globe. Blast Applications has a unique opportunity to monetize the web surfer’s dedication to sites such as Twitter® and Facebook®, and through direct advertising programs tied to the Company’s tools and applications. For more information visit www.blastapplications.com.
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