SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: brad greene who wrote (1535)3/26/1998 7:48:00 PM
From: Larry  Read Replies (2) of 5847
 
Brad,

I'm beginning to see a pattern with the BANY trading. It's backed up by a couple of nice position trades I made with CSMA (thank you Shorty).

Every so often the MM's who are short will spike the stock up on good news, on excitement, on buyer's groups and newsletter recommendations, and draw in a whole new group of investors and traders. Then when the excitement dies down, the squeeze happens in reverse. Just like Roo and Mike and mike (stereo Mikes) have pointed out, the stock drifts back down to the bottom and slowly but surely as the threshold of pain increases, the new investors give up their shares and feed Shorty some more funds. (Maybe Shorty looks upon this as a "Long Squeeze")

Look at the BANY and CSMA charts. What I'm describing is a little more dramatic on the CSMA chart where you can see three spikes up since November. The last one happening yesterday, where maybe some of our new friends traded out of BANY to move on to CSMA. But did they just move from one shorted stock to another? CSMA retraced almost 12% just today. The "Long Squeeze" is already underway there.

The reason I'm pointing all this out, is that I think something may be happening to BANY and Shorty may be trying to squeeze out the weak hands a little faster than normal. Although we don't have any concrete dates to go by, look at all the things that are coming up within the next few weeks for BANY:

1. Patriot deal finalized. According to Scott BANY's book value goes up with the deal.
2. Audit for 1996 and 1997 completed. BANY moves one step closer to becoming a reporting company.
3. BANY's three year contracts with the government, which are more heavily weighted toward the end of their term cause increased revenues.

Are we three weeks away from another spike up?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News