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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: dealmakr who wrote (3288)11/29/1998 3:28:00 PM
From: Mike Sawyer  Read Replies (2) of 5847
 
David & all, looking at the buys and sells I would say that this stock should have dropped in price. It has done just the opposite and increased about 25%+. To me it looks like there really was a short position and it is being covered. There have been quite a few run-a-way stocks in the last couple of weeks and many people have sold BANY to play some other stocks. Even with the large sell volume, it has been absorbed and the stock has increased in price.

Now that the downward pressure has been lifted off this stock and the AI offering is about to come out, we will really have some upwards momentum. I do believe that the .57 cent resistance level will become .57 support very soon.

Remember, most people that have sold BANY recently, know the BANY AI story. Many will be buying back with more money as they probably made profits on their short term trades after selling BANY. With more money coming in by players already familiar with the BANY/AI story it will only cause even more traders/investors to jump on board.

I really like that 1 1/8 target for first quarter '99.

Mike

PS - Again, thanks everybody, for all the well wishes! Mama and Baby are doing great!
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