Quick Win by the Algorithm

On January 3, 2017, the I Know First algorithm had predicted a bullish forecast for Kraig Biocraft Laboratories, Inc. (KBLB). KBLB had a signal of 109.14 and a predictability of 0.14. In accordance with the algorithm, the company reported long-position capital gains of 67.70% experiencing a quick win by the algorithm.

Kraig Biocraft Laboratories, Inc. develop and commercialize spider silks and other high performance polymers using spider silk gene sequences discovered and invented at the University of Wyoming by Dr. Randy Lewis, in combination with genetic engineering strategies developed by Dr. Malcolm and Donald Jarvis.

On December 19th, 2016, the company announced the completion of the first batch of Dragon Silk™ cocoon production for its recently reported military contract. The Company will contract Warwick Mills to produce ballistic shoot packs, for delivery to the US Army, based on the Company’s Dragon Silk technology.  The Company is expected to make final delivery to the US Army in the second quarter of 2017.

Kraig Biocraft Laboratories also had a series of successful meetings last Thursday (January 12th) with government officials in Vietnam to create a collaborative path to large scale production of the company’s high performance silk technologies. These recent two facts are the cause that the company’s stock had a strong value growth of near 68% in 14 days.

This bullish forecast on KBLB was sent to current I Know First subscribers on January 03, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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