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: dealmakr who wrote (2743)	9/2/1998 12:02:00 AM
From: Mike Sawyer	Read Replies (3) of 5847

I think that the sell-off of BANY over the last couple of days was due to the huge drop in the market causing several things to take place. One is that many people had margin calls and needed to raise money fast. Others wanted to take advantage of bargain basement prices on other stocks. But all of the sales were absorbed pretty well my somebody. Could the MM's be using this as a good time to cover? Don't know...but I do know that the "on balance" volume indicator went up on the price decline. That is a bullish signal. As for the other technical indicators, every one of them are showing pressure building on the bottom and they are beginning to move up towards a buy signal. Go to my favorite site and take a look for yourself. Try all of the indicators. And while you're there sign up for the 30 day trial and then setup your graph profile with all the indicators together so you can really make good use of the technicals. The graphs only cost $9.95 a month and will make you money by getting you in and out at better times. And their "Java Prosearch" will sniff out stocks better than any program I've seen yet. Here's a link that should give you a basic look at BANY... tscn.com Cheers! Mike

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