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 (2575)	7/28/1998 6:17:00 PM
From: dealmakr	Read Replies (1) of 5847

Mike, Agree with you about gap strategy. I do like the slow and steady rises with some periods of consolidation as base building. Great day here with large volume and increasing strength in the bid price. To be a true breakout into a new range of trading, I am looking for the bid price to remain over .40 for the next couple of days. This should enable .40 to become support. I still see the next resistance point in the .48-.50 area. A breakout over this should allow a test of old 52 week high at .85 at some time. This is just my take on the trading, but I do see the stock being accumulated into strong hands in size. Where we will end up if .85 is taken will depend on the fundamental valuation of the company. A companys growth in sales and earnings over consecutive quarters is usually a good sign and I believe that we should start to see that happen here in light of the positive developements that are taking place. JMHO from the tea leaves. Good Trading to all Dave

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