BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: Mike Sawyer who wrote (5590)	8/22/1999 10:18:00 AM
From: JohnO	Read Replies (2) of 5847

BANYE had a nice run up for awhile. We were told that future Q's would be awesome from Scott & Cameron from last summer on. The volume of shares traded increased tremendously. Some folks were buying on the way up from 1/4 to over $1. Now BANYE is sliding back and truthfully I don't see a real bottom as yet. Even if BANYE price increases it will be difficult to justify higher share price. People aren't believing any of the hype that helped propel this stock before. I don't think ANYI will have any effect on BANYE price as they are both penny stocks. The considerable drop in BANYE price seems to bare this out. All the folks who held onto BANYE for the ride up are now holding a loser on paper if they sell now. I've seen a lot of penny stocks do the same as BANYE and when they have a run up again the selling by disgruntled stock holders stalls the increases. BANYE is in a tough situation and I don't see any way for them to recover. John

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